Twitter (TWTR) – Real-Time Information – June 16th, 2020

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. 

Fundamental View

  • Shift towards online advertising during COVID benefits TWTR
  • Attractive valuation with a strong cash position and profitable business model 
  • Earnings July 23rd (37 days)

Technical View

  • 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

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Special Guest

Market Outlook with Tom Sosnoff – Thursday June 18th @ 4:15 PM EST