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Twitter Surrenders All Of Its Morning Gains

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Twitter Inc (NYSE: TWTR) shares are trading lower by $0.07 at $17.02 in Tuesday's session. Off the open, it sprinted to $17.83 on news the company has acquired the rights to stream Thursday night NFL games.

See Also: Twitter Wins Streaming Rights For NFL's Thursday Night Game

After a higher open, it continued to move it that direction until it found resistance at $17.83 and sharply reversed course. That level coincides with its March 10 high ($17.77) and is just shy of the psychological $18 resistance level.

At this time, it is attempting to establish support at the $17 area, as $16.97 stands as the current low.

Posted-In: Technicals Intraday Update Movers

 

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