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Berger: Why Twitter is a buy

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Twitter has upside potential this Monday, according to analyst, Serge Berger. Serge, who’s also known as the Steady Trader, notes how Twitter shares have rallied around 50% since bottoming out in May. Serge refers to the technical indicators which are providing a ‘powerful statement’, he says. Sentiment changed for the social media company back in July after its results revealed a big jump in users.
 
On Friday, TWTR gained 2% and broke a medium range resistance area. Serge sees continued positive momentum in the stock. He’s looking to buy at $46 and he’s targeting $49 dollars. He’s placed a stop at $44.60