Don't Look Now - Twitter Shares Approaching Rumored Potential Takeout Price

From Tech
March 20, 2017 - 11:28am
Since 2016, Twitter Inc (NYSE: TWTR) shares have been rangebound between $15 and $25. Amid the range bound movement, the shares saw a mini-downtrend since mid-February this year following the release of lackluster fourth-quarter revenues and below-consensus forward guidance. Mixed Technicals In a telling bearish signal, the longer period 200-day moving average (currently at $17.73) has crossed over above the shorter period 50-day moving average (currently at $16.47). However, suggesting that there is potential for upside, the 14-day relative strength index is currently in the oversold zone (36.61). Source: Y Charts Now that valuation is cheap (the market cap now is $10.98 billion versus nearly $35 billion in late 2013), it definitely is an attractive target for potential predators. Source: Y Charts Potential Suitors Chief among the companies that could be interested in a Twitter buy include Apple Inc. (NASDAQ: AAPL), salesforce.com, inc. (NYSE: CRM), Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), Microsoft Corporation (NASDAQ: MSFT), Facebook Inc (NASDAQ: FB), Verizon Communications Inc. (NYSE: VZ), Comcast Corporation (NASDAQ:


Continue reading this article »