PPR - Twitter Closing in on a Possible Pocket

Published : August 22 2014 at 14:49 ET

Social networker Twitter (TWTR) is closing in on a pocket pivot off of its 10-day moving average. Volume is running only a hair behind what it needs to trade on the day (17,795,000 shares) for a bona fide pocket pivot. If the pace of volume picks up from here into the close then it may very well make it. We already have a position in the stock.

This was discussed in yesterday's live webinar as buyable along the 10-dma on the voodoo (volume dry-up) action before today's move.

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