Jim Cramer told viewers of Mad Money Friday night that his game plan for this week starts on Monday with earnings from elevator maker Otis (OTIS) along with NXP Semiconductor (NXPI) and Twilio (TWLO) . Cramer said Twilio has run a lot going into the quarter.
We last reviewed TWLO on Oct. 9 and wrote that, "I see enough technical clues to be concerned about the next move on TWLO. Traders who are long TWLO may want to take some profits and or raise stop protection. After a correction we could see TWLO resume its longer-term uptrend."
Let's check out the charts again with the company scheduled to announce third-quarter earnings results after the market close Monday.
In the daily bar chart of TWLO, below, we can see that the shares made a very small double top at $340 before prices turned lower. Prices have pulled back and the daily On-Balance-Volume (OBV) line has rolled over suggesting a shift from aggressive buying to aggressive selling.
The Moving Average Convergence Divergence (MACD) oscillator has crossed to the downside for a take profits sell signal.