TWTR - headed for the big $50

Whilst the main market saw some moderate swings across the day, there was noticeable strength in Twitter (TWTR), which gained an impressive 5.0%, settling @ $41.44. There looks to be high probability of a continued climb all the way to test the big $50 threshold by mid July.


TWTR, daily

Summary

Suffice to say, with the break above $40, and the main market remaining relatively strong, there is now a very likely further 20% higher to the big $50 level in July.

If TWTR earnings at least meet expectations, TWTR looks set to annihilate anyone trying to short this momo stock.

*next earnings are due approx' July 21-25.