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Twitter Inc Bullish Moving Average Crossover Alert (TWTR)

By James Quinn

Twitter Inc (NYSE:TWTR) crossed over its 10-day moving average of $34.48 on a volume of 8.8 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Twitter Inc have traded between a low of $14.12 and a high of $35.84 and are now at $35.30, which is 150% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.8% while the 200-day MA has slid 1.9%.

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 89.6%. 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