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Bearish Moving Average Cross by 2U Inc (TWOU)

By Amy Schwartz

2U Inc (NASDAQ:TWOU) crossed under its 10-day moving average of $19.10 on a volume of 247K shares. Swing traders may find an opportunity 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 $86.93 and a 52-week low of $11.37 and are now trading 66% above that low price at $18.92 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.7% while the 50-day MA has declined 7.2%.

SmarTrend recommended that subscribers consider buying shares of 2U Inc on August 19th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.20. Since that recommendation, shares of 2U Inc have risen 14.0%. 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