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Bullish Moving Average Cross by Zendesk Inc (ZEN)

By Amy Schwartz

Today, shares of Zendesk Inc (NYSE:ZEN) have crossed bullishly above their 10-day moving average of $69.07 on a volume of 271K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Zendesk Inc has traded in a range of $27.09 to $72.23 and is now at $70.23, 159% above that low. Over the past week, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Zendesk Inc on August 7th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $63.05. Since that recommendation, shares of Zendesk Inc have risen 8.7%. We continue to monitor ZEN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses zendesk inc

Ticker(s): ZEN