by closing bell past 4 consecutive days. Everybody in the media was saying 35 is strong support. What is the evidence for now saying support isn't until low 30's?
That's half of all regular trading today. BTW, today's regular hours trading vol of 8 million was lowest since December 24 and December 26. Follow the volume.
Per www.adexchanger.com 04-30-15 article:
"According to the SEC document, Twitter will issue 12.6 million shares of its stock to TellApart's investors at Twitter's $42.27 closing price as of April 28. However, the value paid may end up being lower than that, as the agreement stipulates the number of shares issued is tied to closing price over a period of time. Given the sharp drop in Twitter's stock in the wake of its Q1 earnings calamity (its stock was trading at about $38.50 as of Thursday at 9am), it seems likely that the consideration paid to TellApart will be lower."
I wonder if Friday's AH release suggests that TWTR believes PPS will now go up.
Today was 1st close above 20-DMA in over 5 weeks (since Q1 earnings decline).
Daily RSI crossed over 30 and held for past 3 days (1st time since Q1 earning decline).
PPS making higher lows past 3 days with highs all into the 37's.
Daily B-bands only $1.61 apart, tightest in this stock's history.
PPS successfully bounced off of bottom B-band during past 2 weeks.
Weekly chart: RSI upticked to nearly 38, stochs flat-lining at 3.23/3.17, MACD histogram with bulling reversal.
I'm guessing it's all about someone's market bet about possible Greece news over the weekend as a deal tries to be hammered out with the EU.
Thanks for noting this, Spectrum. I'm seeing the same thing and completed my scaling into TWTR this week with 37.05 average-in.
I can't argue with your VIX observation, but the volume matches that of Dec 24 and 26 - it's called "holiday"