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Twilio Nuzzles Old Highs

Long
NYSE:TWLO   Twilio Inc
Everyone knows about Zoom Video Communications , but Twilio is another cloud-based beneficiary of the coronavirus pandemic.

TWLO has had a trio of positive headlines this month:
  • 10/2: Guidance raised
  • 10/12: Acquires customer-data firm Segment
  • 10/26: Earnings and revenue beat

TWLO has declined along with the rest of the market in the last two weeks. It’s now back around $285. That level was the old peak in August and its consolidation zone earlier this month before it sprinted toward $340. The pullback is also creating an oversold condition on stochastics.

Momentum followers may look for its upward continuation if the broader market stabilizes.

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