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After Yesterday's Decline of 3.93%, Workday Inc-A Offers Investors Better Value

By James Quinn

Workday Inc-A (NASDAQ:WDAY) traded in a range yesterday that spanned from a low of $184.34 to a high of $188.52. Yesterday, the shares fell 3.9%, which took the trading range below the 3-day low of $188.45 on volume of 636,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Workday Inc-A has traded in a range of $117.72 to $226.39 and is now at $184.39, 57% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has declined 0.3%.

Keywords: rebounders workday inc-a

Ticker(s): WDAY