Category: Submitted Articles
- Published: 19 December 2017
- Written by Nicholas Santiago
Shares of Twitter Inc (NYSE:TWTR) slammed into the pivot high from October 2016 at $25.50. At that time, the stock was a potential buyout play. While Twitter Inc is unlikely to be bought out now, it does appear they are figuring out how to monetize the social platform. While long-term bullish, investors and traders can look to buy puts on Twitter Inc or short it flat out at this level. I expect a pull back off this $25.50 resistance back to $22.00, maybe even as low as $20.00.
Gareth Soloway
InTheMoneyStocks