Saturday, November 1, 2014

Twitter (NYSE: TWTR) Stock's Chart Screams, 'Sell!'

Social media giant Twitter (NYSE: TWTR) cratered 10% Tuesday despite reporting that revenue more than doubled in the third quarter. Investors were much more concerned with its slowing user growth.
TWTR is a stock that respects its technical parameters, making it ideal for swing traders. Now that earnings are in, there looks to be an opportunity to make quick profits on the short side.
Revenue of $361 million for the quarter beat analysts' estimates for $351.5 million. Adjusted earnings per share of $0.01 met expectations, and the company raised its guidance for the full year. (more)

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1 comment:

  1. TWTRDecember 5, 2014 at 5:58 AM

    Twitter is one of the top social networking website… currently the earnings are in and this had provided them a chance to make quick profit. Twitter should avail this opportunity before it gets too late.

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