Twitter Fails To Make New High On Good Earnings Report

It’s troubling when a divergence shows up between the good earnings news and how the price of the stock reacts to it. This is especially true when it comes to a big name, big tech company sporting a high price-earnings ratio and whose CEO shows up at Bitcoin conferences. The trend has been for these types of equities to join the 2. That is, decent earnings reports lately tends to equal an even higher stock price than before. Facebook and Apple are examples. When this doesn’t happen, an analyst doing the homework begins to wonder why. That’s the situation with Twitter right now, a company with many enthusiastic supporters among the “just look at these earnings!” crowd. Okay, now I’ve looked at them — why aren’t more buyers showing up here? If things are so good, why are sellers coming in earlier than they used to? In the current bull market environment, typically one should follow the other for a solid bullish kind of look to continue. The daily price chart for Twitter shows the price high failure: Twitter daily price chart, 7 24 21 stockcharts.com You can see where the price peaked several months ago and then sold off…
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