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Bearish Moving Average Cross by Cdk Global Inc (CDK)

By James Quinn

Cdk Global Inc (NASDAQ:CDK) crossed under its 10-day moving average of $63.27 on a volume of 323K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Cdk Global Inc share prices have moved between a 52-week high of $76.04 and a 52-week low of $60.28 and are now trading 4% above that low price at $62.88 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

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

Keywords: moving crosses cdk global inc

Ticker(s): CDK