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2U Inc Falls 5.31% on Heavy Volume: Watch For Potential Rebound

By James Quinn

2U Inc (NASDAQ:TWOU) traded in a range yesterday that spanned from a low of $82.82 to a high of $88.82. Yesterday, the shares fell 5.3%, which took the trading range below the 3-day low of $87.31 on volume of 394,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of 2U Inc on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.15. Since that recommendation, shares of 2U Inc have risen 17.0%. We continue to monitor TWOU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of 2U Inc have traded between a low of $27.49 and a high of $90.81 and are now at $83.31, which is 203% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.1% while the 200-day MA has slid 0.4%.

Keywords: rebounders 2u inc

Ticker(s): TWOU