Twitter (TWTR) continues to be volatile as we get closer to earnings on February 5, 2014. I have been trading this stock almost daily due to the stock trading below $60. I like the risk reward since TWTR is down $20 from the high. However, I likely won't hold into earnings. Long term, Twitter will have to prove it can beat analyst estimates and raise guidance to support the current valuation. Sell TWTR above $70, buy below $60. TWTR will have support at $55. Resistance is located at $58.80. If you trade Twitter, join us in the stock picks group where we discuss the stock almost daily.
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