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Zendesk Inc Crosses Above its 10-day MA (ZEN)

By David Diaz

Zendesk Inc (NYSE:ZEN) crossed over its 10-day moving average of $48.88 on a volume of 326K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Zendesk Inc has traded in a range of $19.77 to $50.91 and is now at $49.06, 148% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.2% while the 200-day MA has risen 0.2%.

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 67.0%. We continue to monitor ZEN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses zendesk inc

Ticker(s): ZEN