The little blue bird is Twitter and I like the opportunity to the upside. Now I have tried in the past and look a little bit of a loss. It was shortly after their earnings report in April of this year. Yet again we are seeing a recurring pattern as TWTR jumped up big off earnings and stalled. Exactly like last time. So, why would I want to buy if the pattern of last time was for the stock to move lower versus higher? One word for me… Growth. Growth in their database and their daily active users also know as DAU’s. TWTR also had an increase in DAU’s in the last report when I had lost. However, this marks two consecutive earnings reports with an increase in important metrics. For me, as long as TWTR remains above the $40 level, I am highly interested in the upside in this name. I can easily see 20% gains in this stock before summer. The FOMC meeting tomorrow can go a long way in helping that happen. I would keep a very close eye on TWTR in the near term. I think the potential is stronger than most would suspect. 

Follow me on Twitter: @DiscipleOfTrend

about the author:

Charles Moon

Charles Moon is a technical "whiz kid" whose experience lies in scalp/swing trading. A patient educator, Charles excels at coaching/mentoring and can make complex concepts simple. Prior to joining the ranks of Prosper Trading Academy, Charles was a proprietary equities trader with Great Point Capital LLC. Coming from a retail trading background, his experience can help those with no experience trading to seasoned veterans.

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