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Twitter Inc Set to Possibly Rebound After Yesterday's Selloff of 4.29%

By Shiri Gupta

Twitter Inc (NYSE:TWTR) traded in a range yesterday that spanned from a low of $35.85 to a high of $37.57. Yesterday, the shares fell 4.3%, which took the trading range below the 3-day low of $36.85 on volume of 11.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

Over the past year, Twitter Inc has traded in a range of $26.19 to $47.79 and is now at $36.01, 37% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.7%.

Keywords: rebounders twitter inc

Ticker(s): TWTR