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Recent 52-Week Low Surpassed in Shares of Cdk Global Inc (CDK)

By David Diaz

Cdk Global Inc (NASDAQ:CDK) traded at a new 52-week low today of $43.30. This new low was reached on approximately average trading volume as 666,000 shares traded hands, while the average 30-day volume is approximately 776,000 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 has overhead space with shares priced $45.47, or 42.0% below the average consensus analyst price target of $78.33. The stock should run into initial resistance at its 50-day moving average (MA) of $49.79 and subsequent resistance at its 200-day MA of $52.69.

In the past 52 weeks, shares of Cdk Global Inc have traded between the current low of $43.30 and a high of $64.77 and are now at $45.47. The 200-day and 50-day moving averages have moved 0.27% lower and 0.09% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Cdk Global Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cdk Global Inc in search of a potential trend change.

Keywords: 52 week high/lows cdk global inc

Ticker(s): CDK