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After Yesterday's Rally of 4.55% Shares Could Potentially Pullback

By David Diaz

2U Inc (NASDAQ:TWOU) traded in a range yesterday that spanned from a low of $15.76 to a high of $16.34. Yesterday, the shares gained 4.5%, which took the trading range above the 3-day high of $16.04 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, 2U Inc share prices have been bracketed by a low of $11.37 and a high of $90.31 and are now at $16.24, 43% above that low price. The 200-day and 50-day moving averages have moved 1.35% lower and 3.93% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of 2U Inc on April 9th, 2019 by issuing a Downtrend alert when the shares were trading at $65.85. Since that call, shares of 2U Inc have fallen 76.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders 2u inc

Ticker(s): TWOU