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.