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Possible Bearish Inside Day Candle Pattern Detected for Twilio Inc - A (NYSE:TWLO)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Twilio Inc - A (NYSE:TWLO) based on the price action in the company's shares. Today's price range of $41.61 and $42.31 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Twilio Inc - A may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Twilio Inc - A share prices have moved between a 52-week high of $42.80 and a 52-week low of $22.80 and are now trading 84% above that low price at $42.05 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Twilio Inc. develops and publishes internet infrastructure solutions. The Company offers cloud computing platform to allow web developers to integrate phone calls, internet protocol voice communications, and text messages into web, mobile, and phone applications. Twilio serves customers worldwide.

Twilio Inc - A (NYSE:TWLO) is currently priced 7.6% above its average consensus analyst price target of $38.88. The stock should discover initial support at its 50-day moving average (MA) of $30.26 and subsequent support at its 200-day MA of $29.31.

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

Keywords: bearish inside day candle twilio inc - a

Ticker(s): TWLO