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Shares of Zendesk Inc Has Risen Above Previous 52-Week High

By James Quinn

Zendesk Inc (NYSE:ZEN) traded at a new 52-week high today of $60.44. So far today approximately 189,000 shares have been exchanged, as compared to an average 30-day volume of 1.7 million shares.

Zendesk, Inc. provides web-based help desk software with customer support platform. The Company offers applications that allow clients to manage incoming support requests from end customers from any Internet connected computer. Zendesk serves customers in the United States.

Zendesk Inc (NYSE:ZEN) is currently priced 3.4% above its average consensus analyst price target of $57.79. The stock should discover initial support at its 50-day moving average (MA) of $56.16 and subsequent support at its 200-day MA of $42.82.

In the past 52 weeks, Zendesk Inc share prices have been bracketed by a low of $25.09 and a high of $60.44 and are now at $59.81, 138% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 1.4%.

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

Keywords: 52 week high/lows zendesk inc

Ticker(s): ZEN