Twitter Gets its Fill

By | February 6, 2015

Twitter (TWTR) shares have broken out of their long term base zone and moved up to close the October gap. Note the strong positive volume bar in Thursday’s session. The volume bars record volume on a day where the close is higher than the previous day as a positive bar, and on a day when the close is lower, as a negative bar. Chaikin Money Flow measures money flow differently by using a range multiplier over a fixed period. In this case, the period is one day and the indicator suggests that Thursday’s strong volume should be recorded as down volume. So, today it looks like the money that exited the trade before earnings is now running to get back in. It will be interesting to watch the behavior of the stock when they get their fill.

226 twtr CHART

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