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Is Twitter Finally Ready to Make a Move to the Upside? Check Before Retweeting

Is Twitter Finally Ready to Make a Move to the Upside? Check Before Retweeting

Twitter, Inc. has largely traded sideways the past 12 months. In this daily bar chart of TWTR, below, we can see that prices are finally above the declining 50-day moving average line and the rising 200-day moving average line. The daily trading volume does not show a sustained rise or expansion in volume but the On-Balance-Volume (OBV) line does trend higher from last July to early May. From May to now the OBV line is flat/neutral.