I'm Shorting Twitter. Then I'm Going to Tweet About It.

NYSE:TWTR   Twitter Inc
Twitter has underperformed for quite some time, but this really came to a head on 10/21 with the Morgan Stanley downgrade. Next, we see more bad news for them, with the CEO coming under fire for reducing staff.

The technicals show significantly reduced buying pressure via the OBV indicator as well as some resistance from above by the Ichimoku cloud . The price is consolidating nicely into a wedge-ish pattern, and seems ripe for a breakout either way. The RSI and MACD indicate that this is an optimal time to enter this trade.

For profit targets, consider the Fibonacci retracement which seems to correspond roughly with levels of support. One level is at 27.81 or so, while another is at about 28.06. If you are risk averse, there is a nice level at 28.77 we can use for a stop loss.
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