Twitter Gives Us 9% Trade in 1 Day

This past Tuesday, April 15, we noted to members that Twitter (TWTR) "has the right look of a pattern that has ended a major corrective period -- from its Feb 5 high at 71.92 to its April 11 low at 39.68." We said it was "entering a recovery rally phase that should return the stock to 49.00-50.00 in the days/weeks ahead."

We entered a short-term portfolio position at 41 1/2 and exited the same day at 45.03, for a 9 percent gain. 

Below is our chart from Tuesday.  We're continuing to follow TWTR looking for another long opportunity.

More Top Calls From Mike

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!