Earnings review: Twitter up, Cisco down

Earnings review: Twitter up, Cisco down

Twitter’s better-than-expected performance for the latest quarter sent the stock soaring in after-trade hours. The price has reached an all-time high of $60. However, the pullback to the downside is expected to happen soon as all technical indicators signal the stock is overbought. The RSI indicator went above the 70.00 level, also the price passed through the upper line of Bollinger Bands and touched the upper trendline. Nevertheless, the positive earnings may drag the price to $65.00, but if Twitter starts falling, it shouldn’t go lower the support level of the recent lows at $54.00.

TWTRDaily.png

Cisco published slightly better earnings results than the market estimate: 79 cents per share versus the forecasted 76 cents per share. Revenue came out better than expected as well: $11.96 billion vs. $11.92 billion. However, it was worse than a year ago. Actually, revenue declined for the fifth consecutive quarter as the Covid-19 crisis hit hard Cisco. As a result, Cisco dropped in after-trade hours. Support levels are at the low of August 2020 at $47.00 and at the 50-day moving average of $45.00.

You can also trade stocks with FBS Trader mobile app. Remember that stock trading starts as the US session begins (at 16:30 MT time). 

IMG_20210210_132749.827.jpg

Don't know how to trade stocks? Here are some simple steps.

  1. First of all, be sure you’ve downloaded Metatrader 5 or FBS Trader app. FBS allows you to trade stocks only through this software.
  2. Open the MT5 account in your personal area (an account in FBS Trader).
  3. Start trading!

                                                                                                  TRADE NOW

Similar

Pharma stocks: January gains
Pharma stocks: January gains

If you only you entered position with these stocks a month ago.. See the article and see what you'd have by now.

Latest news

Risk on is back on market
Risk on is back on market

The risk-on is back on the market as investors focus on the projections for a stronger-than-expected economic rebound and the Fed’s pledge to prolong support for the rest of the year.

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera