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Bullish Moving Average Cross by Workday Inc-A (WDAY)

By Amy Schwartz

Today, shares of Workday Inc-A (NASDAQ:WDAY) have crossed bullishly above their 10-day moving average of $125.50 on a volume of 157K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Workday Inc-A share prices have been bracketed by a low of $65.79 and a high of $140.00 and are now at $126.04, 92% above that low price. The 200-day and 50-day moving averages have moved 0.32% lower and 1.71% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Workday Inc-A on March 19th, 2018 by issuing a Downtrend alert when the shares were trading at $131.92. Since that call, shares of Workday Inc-A have fallen 5.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses workday inc-a

Ticker(s): WDAY