The bullish DailyPlay for Tuesday, June 16th is Twitter (TWTR). TWTR has rallied 19.3% in the last month and its 1M and 6M trend turned bullish on June 1st as real-time information needs accelerate during COVID and worldwide protests.
- Shift towards online advertising during COVID benefits TWTR
- Attractive valuation with a strong cash position and profitable business model
- Earnings July 23rd (37 days)
- A pullback towards $32.50 support and bounce resumes bullish trend
- Strong relative strength score (9 out of 10)
- Both 1M and 6M trends are bullish