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Shares of Zendesk Inc Rise Above Previous 52-Week High

By Nick Russo

Shares of Zendesk Inc (NYSE:ZEN) traded at a new 52-week high today of $48.10. This new high was reached on below average trading volume as 188,000 shares traded hands, while the average 30-day volume is approximately 758,000 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.

Over the past year, Zendesk Inc has traded in a range of $19.77 to $48.10 and is now at $47.79, 142% above that low. The 200-day and 50-day moving averages have moved 0.16% higher and 2.21% higher over the past week, respectively.

Zendesk Inc (NYSE:ZEN) defies analysts with a current price ($47.79) 7.1% above its average consensus price target of $44.39. The stock should discover initial support at its 200-day moving average (MA) of $21.68 and subsequent support at its 50-day MA of $20.91.

SmarTrend recommended that subscribers consider buying shares of Zendesk Inc on September 11th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.02. Since that recommendation, shares of Zendesk Inc have risen 64.6%. 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