SNAP Stock   a path similar to Facebook Inc (NASDAQ:FB) or Twitter Inc (NYSE:TWTR).

SNAP Stock to Follow the TWTR Route?

SNAP Stock Price 

SNAP Stock   a path similar to Facebook Inc <span data-recalc-dims=(NASDAQ:FB) or Twitter Inc (NYSE:TWTR)." width="300" height="200" srcset="https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/07/SNAP-Stock-300x200-Small.jpg?resize=300%2C200 300w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/07/SNAP-Stock-300x200-Small.jpg?w=720 720w" sizes="(max-width: 300px) 100vw, 300px" />

FOREX INVESTORS BUZZ SNAP Stock   a path similar to Facebook Inc (NASDAQ:FB) or Twitter Inc (NYSE:TWTR).

With the recent Morgan Stanley (NYSE:MS) downgrade, the company is definitely on the back foot and doesn’t appear to be inching closer towards Facebook levels of success. In fact, the SNAP stock IPO price per share was higher when it was initially released than it is today. To sum things up, all is not well in the Snap kingdom.

Twitter Stock vs. Snap Stock 

Ironically, Snap founder and CEO Evan Spiegel deliberately went out of his way to avoid falling into the same pitfall as Twitter when he was preparing for the SNAP IPO.



SNAP Stock

 

SNAP stock chart

 

Early on, Twitter famously bandied about high growth rate numbers and user numbers in order to justify its valuation, but the growth eventually slowed, and the Twitter stock price dried up with it.

Evan Spiegel and co. went out of their way to avoid resembling Twitter, and the pitch worked, at least at first.

 TWTR stock chart

 

The Snap stock IPO price per share shot up to about $24.00 in the early days, even though it started trading at $17.00 per share. That huge gain would last about a day or two before the stock began tumbling back to earth.

So is Snap stock going to be the next Twitter stock? I’d say yes. There are just too many red flags right now that make me wary of SNAP stock.

First, remember that its valuation was absurdly bloated. The Snap valuation ended up being around $28.3 billion at its IPO, which—divided by its revenue in 2016—results in a value that is 70 times more than its revenue.

Instagram Competition and Snap Ad Dollars 

Snap ad products and Snap ad dollars are what the company runs on. It said as much in its SEC filings. (Source: “FORM S-1,” U.S. Securities and Exchange Commission, February 2, 2017.)

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Buz Investors ATVI Stock Is Soaring (NASDAQ:ATVI) stock has finally shown up to the party, and in spectacular fashion, I might add. I had outlined in my previous article about this company, “Activision Blizzard, Inc

Activision Stock Is Now En Route to Higher Prices

ATVI Stock Is Soaring the Skies

Buz Investors ATVI Stock Is Soaring <span data-recalc-dims=(NASDAQ:ATVI) stock has finally shown up to the party, and in spectacular fashion, I might add. I had outlined in my previous article about this company, “Activision Blizzard, Inc" width="300" height="220" srcset="https://i1.wp.com/investorsbuz.com/wp-content/uploads/2017/03/activision-stock-300x220-Small.jpg?resize=300%2C220 300w, https://i1.wp.com/investorsbuz.com/wp-content/uploads/2017/03/activision-stock-300x220-Small.jpg?w=655 655w" sizes="(max-width: 300px) 100vw, 300px" />

Buz Investors ATVI Stock Is Soaring (NASDAQ:ATVI) stock has finally shown up to the party, and in spectacular fashion, I might add. I had outlined in my previous article about this company, “Activision Blizzard, Inc.: If ATVI Stock Does THIS, the Sky’s the Limit,” that Activision stock was lagging the general market indices.

I also explained in my previous publication about this stock that, even though relative weakness is a bearish indication, Activision shares were testing an important level of support and that if a certain criterion was met, this could spell the beginning of an impressive run to the upside.



OTHER STORIESBUS TRADERS FOLLOW

ATVI Stock Is Soaring

 

I was not disappointed with the outcome that followed, as ATVI shares surged to create a new high after the company reported impressive earnings results.

The price action that followed the test of support was orderly and constructive, which served to suggest that higher prices were set to follow. Orderly and constructive price action consists of impulse waves that advance a price, and consolidation waves that serve to alleviate overbought conditions and set up the next advancing impulse wave.

This wave structure began in early December 2016, and it implied that the price was going to overtake the 200-day SMA.

potential target for ATVI stock, I would have to point back to the ascending channel and suggest that the upward-sloping level of resistance is a logical price objective. It is difficult to pinpoint an exact level because, as time progresses, this level continues to move higher due to its upward slope, but I can safely say that resistance is currently much higher than current prices.

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