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

By Amy Schwartz

Zendesk Inc (NYSE:ZEN) traded today at a new 52-week high of $71.81. This new high was reached on below average trading volume as 126,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.

Zendesk Inc (NYSE:ZEN) is currently priced 19.4% above its average consensus analyst price target of $57.79. Zendesk Inc shares have support at the 50-day moving average (MA) of $62.62 and additional support at the 200-day MA of $49.65.

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 share prices have moved between a 52-week high of $71.81 and a 52-week low of $27.09 and are now trading 165% above that low price at $71.70 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 1.1%.

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 12.1%. We continue to monitor ZEN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows zendesk inc

Ticker(s): ZEN