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After Yesterday's Rally of 2.99% Shares Could Potentially Pullback

By Shiri Gupta

2U Inc (NASDAQ:TWOU) traded in a range yesterday that spanned from a low of $19.19 to a high of $20.00. Yesterday, the shares gained 3.0%, which took the trading range above the 3-day high of $19.45 on volume of 740,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of 2U Inc on August 19th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.20. Since that recommendation, shares of 2U Inc have risen 12.9%. We continue to monitor TWOU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, 2U Inc has traded in a range of $11.37 to $86.93 and is now at $19.83, 74% above that low. The 200-day and 50-day moving averages have moved 1.43% lower and 5.32% lower over the past week, respectively.

Keywords: rebounders 2u inc

Ticker(s): TWOU