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Godaddy Inc-A Set to Possibly Pullback After Yesterday's Rally of 1.03%

By Nick Russo

Godaddy Inc-A (NYSE:GDDY) traded in a range yesterday that spanned from a low of $72.95 to a high of $74.13. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $74.00 on volume of 763,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Godaddy Inc-A has traded in a range of $40.59 to $74.71 and is now at $73.83, 82% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.2%.

SmarTrend recommended that subscribers consider buying shares of Godaddy Inc-A on April 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $63.42. Since that recommendation, shares of Godaddy Inc-A have risen 15.1%. We continue to monitor GDDY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders godaddy inc-a

Ticker(s): GDDY