Twitter (TWTR) stock hit $33.11 on Friday after hitting a short term bottom at $29.51 on Wednesday. TWTR will now need to hold $31.13 or the stock can easily retest the low. On the upside, the 10 day moving average is coming back into the picture so what for a close above this level if TWTR breaks through $33.11 resistance next week.
From a long term standpoint, the trend is still very much down. If you believe in the long term growth story of Twitter, buy every time it gets killed and average in over time.
For more information in the top stocks in 2014, visit these links - Stocks 2014 - Top Penny Stocks 2014 - Stocks to Buy 2014
