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Bearish Moving Average Cross by Twitter Inc (TWTR)

By Amy Schwartz

Twitter Inc (NYSE:TWTR) shares have crossed bearishly below their 10-day moving average of $41.51 on a volume of 2.4 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Twitter Inc share prices have been bracketed by a low of $26.19 and a high of $43.48 and are now at $40.80, 56% above that low price. The 200-day and 50-day moving averages have moved 0.56% higher and 0.84% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Twitter Inc on July 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.46. Since that recommendation, shares of Twitter Inc have risen 8.7%. We continue to monitor TWTR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses twitter inc

Ticker(s): TWTR