Twitter Inc (TWTR)

[ulfahl]

$TWTR going up from here:
Shares of Twitter (TWTR) are surging over 20% today after the company released a strong earnings report last night and posted a surprise profit. Twitter also grew monthly active users to 271 million.

So what is ahead for the stock over the next three months? Now that the good news has returned, Twitter (TWTR) will likely form a solid base in the mid $40's and resume the uptrend that began during the World Cup. TWTR will have strong resistance up around $50 as well as the $52's. Support is located around $45.

Twitter remains a strong buy on all major pullbacks going forward. The company is expected to rapidly grow earnings rest of 2014 and 2015. Watch the following support & resistance levels in August.