Twitter Inc Long Call (NYSE: TWTR)
TheOptionPlayer.com sets up a Twitter Inc. (TWTR) short-term (22-day) option strategy. Investors could simultaneously:
Buy TWTR April 19th expiration 47 strike calls for approx $1.90 (mid-morning price)
Our target price is 55
We suggest a .35 trailing safety stop
See Guidelines page at www.theoptionplayer.com/ for explanation on how trade is set up.
Why we recommend it:
This is a technical play on Twitter Inc (TWTR) stock as the price is bouncing off the 2014 low point and has moved higher. As highlighted in the 2-hour chart below, Twitter Inc. shares turned upward after being oversold as a bullish move appears to have already begun. Also note how the Relative Strength Indicator (RSI) was grossly oversold and is turning up. Also the momentum indicator (MACD) has suddenly turned bullish. At this point you can bet that buying Twitter calls is a low-risk high-reward opportunity with a high probability of success over the next few weeks.
52-Week High: 74.73
52-Week Low: 38.80
Average Volume (3 month) 16,956,000