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Look for Shares of Twilio Inc - A to Potentially Pullback after Yesterday's 4.21% Rise

By James Quinn

Twilio Inc - A (NYSE:TWLO) traded in a range yesterday that spanned from a low of $59.03 to a high of $61.44. Yesterday, the shares gained 4.2%, which took the trading range above the 3-day high of $59.77 on volume of 817,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Twilio Inc - A share prices have moved between a 52-week high of $62.34 and a 52-week low of $22.80 and are now trading 169% above that low price at $61.36 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.2% while the 50-day MA has advanced 1.9%.

SmarTrend recommended that subscribers consider buying shares of Twilio Inc - A on April 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $40.59. Since that recommendation, shares of Twilio Inc - A have risen 44.7%. We continue to monitor TWLO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders twilio inc - a

Ticker(s): TWLO