Twitter Approaches Pre-Q1 Earnings Level

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Twitter Inc TWTR shares are trading higher by $0.75 (4.5 percent) at $16.88 in Thursday's session. The issue has been grinding its way higher since it made a new all-time low on May 23 at $13.73. That came a few weeks after the company wasn't satisfied with its Q1 report and FY 2016 guidance.

Following a higher open, it retreated only $0.02 to $16.28 before continuing its move higher. It has continued to make new highs for the day and the current one stands at $16.89. In order to fill the void in price from the fallout from its Q1 report, it would need to reach the low from April 26 at $17.08. In order to match the closing price from that day, it would need to reach $17.75.

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