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Cdk Global Inc: The Losing Streak Continues (CDK)

By Shiri Gupta

Shares of Cdk Global Inc (NASDAQ:CDK) traded today at $56.52, breaking its 52-week low. This new low was reached on below average trading volume as 172,000 shares traded hands, while the average 30-day volume is approximately 879,000 shares.

CDK Global Inc. is a provider of integrated information technology and digital marketing solutions to the automotive retail industry. The Company integrates workflow processes from pre-sale targeted advertising and marketing campaigns to the sale, financing, insurance, parts supply, repair, and maintenance of vehicles.

Cdk Global Inc (NASDAQ:CDK) has potential upside of 38.0% based on a current price of $56.74 and analysts' consensus price target of $78.33. Cdk Global Inc shares should first meet resistance at the 50-day moving average (MA) of $61.91 and find additional resistance at the 200-day MA of $65.85.

In the past 52 weeks, shares of Cdk Global Inc have traded between the current low of $56.52 and a high of $76.04 and are now at $56.74. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Cdk Global Inc on July 26th, 2018 by issuing a Downtrend alert when the shares were trading at $63.74. Since that call, shares of Cdk Global Inc have fallen 10.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows cdk global inc

Ticker(s): CDK