Twiiter Trading Like A Derivative

Twitter Inc. TWTR shares are trading higher bu $0.42 at $17.80 in Thursday's session. The now low priced issue is following its $3.56 trading range on Wednesday with another nearly $2 trading range. Ongoing speculation of the issue being target by Twenty-First Century Fox FOXA has Twitter bears on edge as its steep decline has been easy money for short-sellers. Since its December 11 peak at $26.20, the issue has been almost straight down until it bottomed at $15.48 in Wednesday's session. For confirmation of a true rebound, technician's may be focusing on the pair of highs at the $19 level from January 14 ($19,16) and Wednesday ($19.04) sessions.