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Possible Bullish Inside Day Candle Pattern Detected for Twitter Inc (NYSE:TWTR)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Twitter Inc (NYSE:TWTR) based on the price action in the company's shares. Yesterday's price range of $32.05 and $33.15 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. Traders and investors interested in shares of Twitter Inc may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Twitter Inc share prices have moved between a 52-week high of $36.80 and a 52-week low of $14.12 and closed yesterday at 132% above that low price at $32.73 per share. The 200-day and 50-day moving averages have moved 1.85% lower and 1.82% lower over the past week, respectively.

Twitter Inc (NYSE:TWTR) defies analysts with a current price ($32.73) 15.9% above its average consensus price target of $27.53. Twitter Inc shares have support at the 200-day moving average (MA) of $23.03 and additional support at the 50-day MA of $16.81.

Twitter, Inc. provides online social networking and microblogging service. The Company offers users the ability to follow other users activity, read, and post tweets. Twitter serves customers worldwide.

SmarTrend recommended that subscribers consider buying shares of Twitter Inc on September 12th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.00. Since that recommendation, shares of Twitter Inc have risen 74.2%. We continue to monitor TWTR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bullish am inside day candle twitter inc

Ticker(s): TWTR