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During midday Thursday trading in New York, U.S. stocks displayed mixed performance, with the technology sector outperforming others as investors maintained a bullish outlook on artificial intelligence, temporarily setting aside concerns about interest rates.
Where Is Twitter s Stock Headed Next?
Twitter Inc. (NYSE:TWTR) shares were slammed Friday after the social media company issued second-quarter sales guidance with a midpoint below analyst estimates. Several analyst ratings were adjusted after the sales guidance was issued.
Twitter is guiding for second-quarter revenue to come in a range of $980 million to $1.08 billion. The consensus is for revenue to hit $1.06 billion in the second quarter.
Twitter Daily Chart Analysis
Twitter is nearing a potential area of support that previously held up as resistance.
The stock is trading below the 50-day moving average (green), but above the 200-day moving average (blue), indicating the stock is most likely facing a period of consolidation.