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Bearish Moving Average Cross by 2U Inc (TWOU)

By James Quinn

2U Inc (NASDAQ:TWOU) shares have crossed bearishly below their 10-day moving average of $91.32 on a volume of 558K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, 2U Inc has traded in a range of $45.50 to $98.58 and is now at $91.00, 100% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.5%.

SmarTrend is monitoring the recent change of momentum in 2U Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of 2U Inc in search of a potential trend change.

Keywords: moving crosses 2u inc

Ticker(s): TWOU