• Return to Headlines

Twitter Inc Crosses Below its 10-day MA (TWTR)

By David Diaz

Twitter Inc (NYSE:TWTR) shares have crossed bearishly below their 10-day moving average of $39.59 on a volume of 1.9 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower 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 $47.79 and are now at $39.47, 51% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.6%.

SmarTrend recommended that subscribers consider buying shares of Twitter Inc on January 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.88. Since that recommendation, shares of Twitter Inc have risen 22.4%. 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