Twitter's Stock Fails To Hold Gains Above The 200-day MA Ahead Of Results

MarketWatch Pulse

Chart watchers may be losing faith in Twitter's stock , ahead of the social network's fourth-quarter results due after the close, as it has failed to sustain earlier gains above the widely-watched 200-day moving average. Many technicians see the 200-day MA, which currently extends to $41.36, as a dividing line between longer-term uptrends and downtrends. The stock was up as much as 4.3% at a high of $42.47 earlier Thursday, to trade above its 200-day MA for the first time in over three months, before falling back below it in afternoon trade. It was recently up just 1.1% at $41.17. The stock, which started trading publicly 313 sessions ago, first closed below the 200-day MA on Oct. 28, after the company reported disappointing third-quarter user growth data.

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