Is Facebook's End Of Pursuit For Streaming Of NFL Games A Win For Twiiter?

Twitter Inc. TWTR shares are trading higher by $1.27 at $17.25 in Monday's session. Meanwhile, Facebook FB shares are trading lower by $3.80 at $112.86. Although, there are other factors to account for the decline in Facebook, it hard to identify a catalyst for the rally in Twitter. However, if one delves deep into the headline that Facebook has ended their bid to Stream Thursday night games, one may conclude that Twitter's Periscope livestreams has become a preferred live content provider of the NFL for fans over any of Facebook or its applications. Perhaps signalling a small victiry over Facebook with respect to covering live content and signs of things to come in the battle for the almighty advertising dollar. After a flat open, Twiiter immediately bottomed right below Friday's closing price ($15.98), reaching $15.96 before turning higher. The ensuing rally has found intraday resistance just above it March 18 high ($17.38), so far reaching $17.54. Twitter has not closed above $17, since March 14, when it ended the session at $17.12.