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Bullish Moving Average Cross by Zendesk Inc (ZEN)

By Amy Schwartz

Zendesk Inc (NYSE:ZEN) crossed over its 10-day moving average of $66.69 on a volume of 306K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Zendesk Inc share prices have been bracketed by a low of $45.60 and a high of $94.79 and are now at $72.85, 60% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.2% while the 200-day MA has risen 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Zendesk Inc on September 9th, 2019 by issuing a Downtrend alert when the shares were trading at $76.14. Since that call, shares of Zendesk Inc have fallen 13.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses zendesk inc

Ticker(s): ZEN