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

By James Quinn

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. Yesterday's price range of $41.61 and $42.31 is within the prior day'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 (NYSE:TWLO) defies analysts with a current price ($42.11) 7.7% above its average consensus price target of $38.88. Twilio Inc - A shares have support at the 50-day moving average (MA) of $30.26 and additional support at the 200-day MA of $29.31.

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.

In the past 52 weeks, Twilio Inc - A share prices have been bracketed by a low of $22.80 and a high of $42.80 and closed yesterday at $42.11, 85% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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 am inside day candle twilio inc - a

Ticker(s): TWLO