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Twitter Inc Bullish Moving Average Crossover Alert (TWTR)

By Shiri Gupta

Twitter Inc (NYSE:TWTR) crossed over its 10-day moving average of $43.23 on a volume of 3.8 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, Twitter Inc share prices have been bracketed by a low of $26.19 and a high of $45.85 and are now at $43.56, 66% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.9%.

SmarTrend recommended that subscribers consider buying shares of Twitter Inc on July 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.46. Since that recommendation, shares of Twitter Inc have risen 11.6%. 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