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Twitter Inc Rises 10.74% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Twitter Inc (NYSE:TWTR) traded in a range yesterday that spanned from a low of $29.43 to a high of $31.76. Yesterday, the shares gained 10.7%, which took the trading range above the 3-day high of $29.90 on volume of 27.1 million 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 its subscribers protect gains by selling shares of Twitter Inc on March 27th, 2018 by issuing a Downtrend alert when the shares were trading at $29.89. Since that call, shares of Twitter Inc have fallen 4.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Twitter Inc share prices have been bracketed by a low of $14.12 and a high of $36.80 and are now at $31.67, 124% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.9% while the 50-day MA has declined 1.8%.

Keywords: rebounders twitter inc

Ticker(s): TWTR