TWTR rallies 6.1% closing $2.69 higher
Moving higher for the 5th day in a row, TWTR ended Thursday at 46.76 surging $2.69 (6.1%). This is the biggest single day gain in over a month. Today's closing price of 46.76 marks the highest close since April 27, 2015. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 44.55, the stock confirms its breakout through the prior session's high having traded $2.25 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.
Thursday's trading range was $2.30 (5.16%), that's far above last trading month's daily average range of $1.19. Weekly volatility is also higher, being way above the markets average with the monthly volatility being way above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Even though both sentiments are bullish for the next trading day, the classical technical analysis metrics are only bullish while our quantitative statistics show a very bullish sentiment.
Market Conditions for Twitter, Inc.
|Close to R1 Resistance||TQ Pro Members Only|
|4 Consecutive Higher Closes||TQ Pro Members Only|
|Close to Swing High||TQ Pro Members Only|
|Close to Swing Low||TQ Pro Members Only|
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