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Twitter Inc Bullish Moving Average Crossover Alert (TWTR)

By James Quinn

Twitter Inc (NYSE:TWTR) shares have crossed bullishly above their 10-day moving average of $44.55 on a volume of 11.6 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.

Over the past year, Twitter Inc has traded in a range of $15.67 to $47.79 and is now at $44.71, 185% above that low. The 200-day and 50-day moving averages have moved 1.40% higher and 2.23% higher over the past week, respectively.

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 35.5%. 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