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Watch for Twitter Inc to Potentially Rebound After Falling 2.33% Yesterday

By James Quinn

Twitter Inc (NYSE:TWTR) traded in a range yesterday that spanned from a low of $29.65 to a high of $29.99. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $29.97 on volume of 1.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Twitter Inc share prices have moved between a 52-week high of $45.85 and a 52-week low of $26.26 and are now trading 13% above that low price at $29.71 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.4% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Twitter Inc and will alert subscribers who have TWTR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders twitter inc

Ticker(s): TWTR