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Twilio Inc - A Falls 6.07% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Twilio Inc - A (NYSE:TWLO) traded in a range yesterday that spanned from a low of $123.65 to a high of $129.60. Yesterday, the shares fell 6.1%, which took the trading range below the 3-day low of $127.70 on volume of 2.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Twilio Inc - A has traded in a range of $35.89 to $150.44 and is now at $124.88, 248% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Twilio Inc - A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Twilio Inc - A in search of a potential trend change.

Keywords: rebounders twilio inc - a

Ticker(s): TWLO