• Return to Headlines

Twitter Inc Bullish Moving Average Crossover Alert (TWTR)

By James Quinn

Twitter Inc (NYSE:TWTR) crossed over its 10-day moving average of $29.23 on a volume of 4.1 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 $16.57 and a high of $47.79 and are now at $29.48, which is 78% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 2.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Twitter Inc on July 27th, 2018 by issuing a Downtrend alert when the shares were trading at $35.69. Since that call, shares of Twitter Inc have fallen 18.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses twitter inc

Ticker(s): TWTR