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Watch for Continued Gains in Shares of Workday Inc-A (WDAY)

By Shiri Gupta

Shares of Workday Inc-A (NASDAQ:WDAY) traded today at $219.50, breaking its 52-week high. This new high was reached on below average trading volume as 441,000 shares traded hands, while the average 30-day volume is approximately 1.8 million shares.

Workday Inc-A (NASDAQ:WDAY) defies analysts with a current price ($219.50) 40.7% above its average consensus price target of $130.16. The stock should find initial support at its 50-day moving average (MA) of $202.27 and further support at its 200-day MA of $170.93.

Workday, Inc. provides enterprise cloud-based applications. The Company offers human capital, spend, and financial management, as well as payroll, initiatives, and higher education solutions. Workday serves the finance, healthcare, manufacturing, education, and technology industries worldwide.

Workday Inc-A share prices have moved between a 52-week high of $219.50 and a 52-week low of $117.24 and are now trading 87% above that low price at $219.50 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.8%.

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

Keywords: 52 week high/lows workday inc-a

Ticker(s): WDAY