Twilio Inc TWLO shares are trading higher by $2.00 (6 percent) at $36.12 in Tuesday's session. The issue is finally having a solid day after a long losing streak.
The primary reason for today's rally is the new Outperform rating from Oppenheimer.
The issue, which had been lower in eight of its last nine sessions, bottomed on Monday at $33.75 and rebounded to end the session at $34.12.
Following a higher open, it retreated but found support well ahead of the close, only reaching $34.88 before continuing its mover higher.
So far, it has reached $36.42 and is attempting to remain in the $36 handle. If the rally continues, the next area of resistance may not come in until Friday's high of $37.70.
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