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SmarTrend Watching for Potential Rebound in Shares of Twitter Inc After 11.60% Loss

By David Diaz

Twitter Inc (NYSE:TWTR) traded in a range yesterday that spanned from a low of $26.90 to a high of $29.16. Yesterday, the shares fell 11.6%, which took the trading range below the 3-day low of $30.01 on volume of 13.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Twitter Inc have traded between the current low of $26.90 and a high of $45.85 and are now at $27.10. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.2%.

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.

Keywords: rebounders twitter inc

Ticker(s): TWTR