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2U Inc Crosses Above its 10-day MA (TWOU)

By Shiri Gupta

Today, shares of 2U Inc (NASDAQ:TWOU) have advanced above their 10-day MA of $38.91 on a volume of 114K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

2U Inc share prices have moved between a 52-week high of $94.40 and a 52-week low of $34.26 and are now trading 15% above that low price at $39.46 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.2% while the 200-day MA has slid 1%.

SmarTrend recommended that its subscribers protect gains by selling shares of 2U Inc on April 9th, 2019 by issuing a Downtrend alert when the shares were trading at $65.85. Since that call, shares of 2U Inc have fallen 41.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses 2u inc

Ticker(s): TWOU