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Recent 52-Week High Exceeded in Shares of Twitter Inc (TWTR)

By Nick Russo

Shares of Twitter Inc (NYSE:TWTR) traded at a new 52-week high today of $45.44. This new high was reached on below average trading volume as 12.5 million shares traded hands, while the average 30-day volume is approximately 26.8 million shares.

Twitter Inc share prices have moved between a 52-week high of $45.44 and a 52-week low of $15.67 and are now trading 188% above that low price at $45.13 per share. Over the past week, the 200-day moving average (MA) has gone up 1.5% while the 50-day MA has advanced 2.8%.

Twitter Inc (NYSE:TWTR) is currently priced 32.0% above its average consensus analyst price target of $30.68. The stock should discover initial support at its 50-day moving average (MA) of $32.97 and subsequent support at its 200-day MA of $26.01.

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 April 20th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.39. Since that recommendation, shares of Twitter Inc have risen 36.1%. We continue to monitor TWTR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows twitter inc

Ticker(s): TWTR