Twitter (TWTR) Stock Hits Six-Month High

Twitter, Inc. (TWTR) is one of today’s notable gainers, up $1.80 to $52.72 on 14 million shares. The stock had a potent break out this morning at $52 to log a nice gain of 3.70%. The name is currently trading at a six month high and outperforming the S&P 500 by nearly 12% on yoy basis.

As the equity continues to vacillate at the top of a multi-month range, it should run into its first level of resistance located at $53.53. Next resistance is at $54.44.

Over the past year, shares of the online social networking service have traded between a low of $29.51 and a high of $55.99 with the 50-day MA and 200-day MA located at $48.41 and $44.09 levels, respectively. Additionally, shares of TWTR trade at a P/E ratio of 1.79 and have a Relative Strength Index (RSI) and MACD indicator of 73.00 and +1.50, respectively.

TWTR currently prints a one year return of about 15.40% and a year-to-date return of around 42%.

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