TWTR Near Breakout: 20 Percent Move Coming!

Twitter Inc (NYSE:TWTR) is again attempting to close above the key gap window created on April 27th, 2016. This level is a technical point on the chart that is resistance. Remember, when resistance is broken, a breakout occurs. Momentum buyers jump in and a stock can surge dramatically. Ultimately, a breakout can take the stock from $15.30 to $17.75.

 

Remember, $TWTR MUST close the day above the gap window of $15.30 to be considered a technical breakout. This is extremely important as the stock can trade above that level intra day with no importance.

 

Swing trade alerts on stocks are posted right here live. If you have seen the performance of our Pros over the past +9 years (click here to view the track record) then you know that you do not want to miss the action!

 

Gareth Soloway

Chief Market Strategist
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