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Watch for Twitter Inc to Potentially Rebound After Falling 3.92% Yesterday

By James Quinn

Twitter Inc (NYSE:TWTR) traded in a range yesterday that spanned from a low of $33.90 to a high of $35.53. Yesterday, the shares fell 3.9%, which took the trading range below the 3-day low of $34.68 on volume of 13.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Twitter Inc on September 12th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.00. Since that recommendation, shares of Twitter Inc have risen 97.3%. We continue to monitor TWTR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Twitter Inc has traded in a range of $14.12 to $35.84 and is now at $34.12, 142% above that low. The 200-day and 50-day moving averages have moved 1.85% lower and 1.82% lower over the past week, respectively.

Keywords: rebounders twitter inc

Ticker(s): TWTR