Twitter Stock Breakout Could Spark Monster Bull Run

Not long after its IPO in November 2013, Twitter descended into bear territory. The stock plunged while its peers such as Facebook (FB) went into a steady uptrend. In May 2016, TWTR posted an all-time low of $13.73. That’s a massive devaluation of over 81 percent from the top of $74.73. Nevertheless, the worst appears to be behind the stock. For the first time since its IPO, the equity has made a bullish breakout to technically conclude its five-year bear market.

From both the fundamental and technical perspectives, it appears that TWTR is a solid pick for long-term investors. This is the case even though Jack Dorsey’s Twitter account was recently hacked.