End Of Long Trade For Twitter

The long signal for Twitter (TWTR) that was issued from both the Twitter and StockTwits streams on 5/28/14 and 5/29/14 respectively ended at the close yesterday (9/18/14). Momentum finally closed below its confirming uptrend line which closes the trade signal. The entry on this trade was near $34 and the close yesterday was $50.70 (roughly a 50% gain).

The stock is still performing well and it appears that a longer term low has been put in place so you may want to simply take some profit on the trade (if you haven’t already) then manage the rest of the position the old fashioned way…using moving averages, trend lines, over bought readings on other technical analysis indicators, or your own favorite method.