Issued: 10/09/2014
Twitter TWTR:
1. Twitter closed out the week of Aug. 18 at $45.98 which was the stronger position and prompted our suggested long entry at that price. The forecast was for a continued multiweek advance to at/near $56/$57.
2. Since then, Twitter has advanced substantially and today made a session high of $55.93 against the original $56/$57 upside target. While higher prices remain possible, the majority of any remaining long position should be exited at this time (current price, $55.35). Today’s long position exit exit effectively completes the trade from $45.98 to $55.35.
3. Any remaining long position in twitter can be held for the possibility of higher prices. Will update.
David Williams
Issued: 10/04/2014
Twitter, TWTR:
1. During the week of Aug. 18 Twitter closed the week at $45.98 which was the stronger position and prompted our suggested long entry at that price. The forecast was for a continued multiweek advance to at/near $56/$57.
2. Since then Twitter has advanced substantially and on Friday, Oct. 3 made a recent swing high of $54.73. Higher prices remain expected. Will update as the market continues to confirm