Twitter is up over 5% with basically no new news flow coming out today. If we zoom into a 30 minute, shorter timeframe chart, you will notice a pretty significant break in prices on above average volume:
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If we view the 9 month daily chart, you can see how powerful today’s move is pushing the stock right through the 50, 200, & 20 day moving average:
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Maybe people like the upgraded look to the platform, maybe people are just happy to see upgrades, or maybe we just have a technical breakout with a little FOMO taking place.
Whatever the case is $TWTR is now up 6.09% on the day.
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