TWTR - Twitter Trending Up in a Dicey Market

Twitter is trending, like their popular hashtags, the company is making some noise in this difficult market. Yesterday there was some indecision with a imperfect Doji Star candlestick pattern, today the price was up in a volatile, negative market. The 50 day moving average crossed the 200 day a couple weeks ago and the RSI is trending up, all positive signs in a tough market. So what gives?

Well, it looks to me that Twitter has some strong support in the mid 40 range, that is where it closed after the first day of trading, that brings us to the weekly chart.

Way on the left hand side you can see that first week of trading in TWTR. It has been almost a year....almost a year you say, isn't that when many portfolio managers say they start to look at companies. Hmmm, perhaps more interest is developing ahead of the anniversary, especially considering that TWTR has recovered nicely since the summer. 

Given the tough market maybe add a small position and see if it continues to beat this recent negative market.