This Social Media Stock Has Pulled Back Following a Breakout

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Recent weeks have seen breakouts in smaller social-media stocks like Twitter and Snap , which have both pulled back. Today we’re looking at TWTR .

Jack Dorsey’s microblogging service didn’t only beat earnings and revenue estimates on February 9. It also showed significant traction in its direct response (DR) advertising. That sent the shares flying to new highs the next session. They jumped again on February 25 after the company targeted doubling revenue within three years.

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Twitter (TWTR), daily chart, with select indicators, courtesy of TradingView.
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