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Bearish Moving Average Cross by 2U Inc (TWOU)

By James Quinn

Today, shares of 2U Inc (NASDAQ:TWOU) have fallen below their 10-day MA of $94.41 on a volume of 153K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

2U Inc share prices have moved between a 52-week high of $98.58 and a 52-week low of $41.67 and are now trading 121% above that low price at $92.02 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of 2U Inc on May 7th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $88.82. Since that recommendation, shares of 2U Inc have risen 7.6%. We continue to monitor TWOU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses 2u inc

Ticker(s): TWOU