Twitter Flies Higher, Stock Range Bound Over The Last 10 Sessions

Twitter Inc TWTR shares are trading higher by $0.25 (1.2 percent) at $16.82 in Monday's session. Earlier in the session, the company announced a partnership with Sky for live streaming of transfer news coverage of deadline day.

Shortly after the announcement, the issue rallied to $17.10, but has fallen back into the upper $16.00 handle. That high comes in just shy of the upper-end of its trading range since January 17. The upper-end of the range is defined by its January 19 high of $17.15.

It should be noted that the lower-end of the trading range was tested in today's session as well. That has been defined by its January 24 low of $16.33. Off the open, the issue bottomed at $16.41 and was drifting higher before the news hit the tape. Also, the current low is just a nickel below a a pair of lows in the issue at $16.46 from January 20 and 23.