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After Yesterday's Decline of 2.02%, Twitter Inc Offers Investors Better Value

By Shiri Gupta

Twitter Inc (NYSE:TWTR) traded in a range yesterday that spanned from a low of $16.44 to a high of $16.90. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $16.58 on volume of 5.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Twitter Inc has traded in a range of $14.12 to $25.25 and is now at $16.48, 17% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.9% while the 50-day MA has declined 1.8%.

SmarTrend is tracking the current trend status for Twitter Inc and will alert subscribers who have TWTR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders twitter inc

Ticker(s): TWTR