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Godaddy Inc-A Set to Possibly Pullback After Yesterday's Rally of 1.81%

By Amy Schwartz

Godaddy Inc-A (NYSE:GDDY) traded in a range yesterday that spanned from a low of $75.74 to a high of $76.87. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $75.81 on volume of 423,000 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, Godaddy Inc-A share prices have been bracketed by a low of $40.78 and a high of $76.82 and are now at $76.80, 88% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.9%.

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

Keywords: rebounders godaddy inc-a

Ticker(s): GDDY