marketstrats

$TWTR could run into earnings

Long
NYSE:TWTR   Twitter Inc
5 day sloping up.

50 day being tested a few times over last couple of weeks. It has finally flattened and would turn positive with any cooperating price action.

Risking 75 cents below 5 day and micro support in upper 15s gives a nice risk/reward. $20ish would be first target.

Lots of room overhead. Close over 17.10 and we're off to the races. Not sure there's enough time before earnings to go any higher.

I think we would need to see some MAU growth reported on call for us to ever get close to that blue line above 23.

Market is extended right now but Twitter has been low beta.

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