Later, the prices gained some positive momentum and began to rise upward by forming higher high candles. At the beginning of January, Snap price took U- turn near to the 52 week low and showed the initial signs of the short term bullish trend reversal. Snap Inc stock (NYSE: SNAP) closed the previous session at 10.66 with an intraday decline of -0.37% and the market capitalization stands at $16.86 billion. However, the bulls are trying to hold the prices above the 50 day EMA to keep the short term trend in the favor of bulls. Snap stock price is trading below the downward sloping 200 day EMA showcases downtrend on the positional basis. Snap stock price has not performed well in the past 1 year time horizon and disappointed its long term investors. Snap stock price down by 20% approx from the recent peak at $12.67 and trading near its equilibrium zone. Snap Inc (NYSE: SNAP) stock price showing signs of long term base creation.Snap stock price holds the 50 day EMA but lacking the momentum.Snap Stock price is stuck into the wide range consolidation between $8.00 to $13.00.
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