This post was just published on ZYX Buy Change Alert.
The position is long from $26. Currently, 10% of the full core position size is held. Profits have been taken as high as $57.30 and on a trade around position as high as $70.00.
TWTR faces several quarters of headwinds but the long-term story remains intact. On another 20% to 25% dip, TWTR will become an attractive buyout target.
What To Do Now?
Consider a hard stop in the zone of $39.18 to $39.23. Also on a bounce in the zone of $43 to $44.73, consider taking profits and exiting the position.
The new buy zone is $31 to $34.43. Aggressive investors only consider accumulating up to 40% of the full core position size on a dip into the buy zone. If the stock does fall into this range, consider stops in the zone of $27.13 to $27.43.
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