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Twitter (TWTR) - If you're looking for a stock to short then Twitter seems to be one that should be on trader's radar right now

Chris Weston

Pepperstone

Twitter (TWTR) - If you're looking for a stock to short then Twitter seems to be one that should be on trader's radar right now. Having reached $74.73 late last year, it has now lost 40% of its value. The trend lower is strong and the stock will need to break trend resistance at $48.50 to make any sort of attempts at pushing materially higher. One of the things concerning the market is the fact that Twitter only IPO'd 122 million shares out of 588 million, which effectively means there is 476 million shares coming for sale with the post IPO lock up period over. With price still falling we could see holders panic and sell now rather than wait and hope the price rises.


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Chris Weston
Chris Weston
Head of Research
Pepperstone

Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...

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