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SmarTrend Watching for Potential Pullback in Shares of Twitter Inc After 1.67% Gain

By Nick Russo

Twitter Inc (NYSE:TWTR) traded in a range yesterday that spanned from a low of $39.81 to a high of $40.54. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $40.48 on volume of 3.0 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 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.

In the past 52 weeks, shares of Twitter Inc have traded between a low of $26.19 and a high of $45.85 and are now at $40.20, which is 53% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has declined 0.3%.

Keywords: rebounders twitter inc

Ticker(s): TWTR