• Return to Headlines

After Yesterday's Rally of 3.02% Shares Could Potentially Pullback

By Amy Schwartz

Zendesk Inc (NYSE:ZEN) traded in a range yesterday that spanned from a low of $89.31 to a high of $89.80. Yesterday, the shares gained 3.0%, which took the trading range above the 3-day high of $87.18 on volume of 692,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Zendesk Inc have traded between a low of $45.60 and a high of $89.80 and are now at $89.56, which is 96% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.6%.

SmarTrend is tracking the current trend status for Zendesk Inc and will alert subscribers who have ZEN in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders zendesk inc

Ticker(s): ZEN