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Godaddy Inc-A Set to Possibly Pullback After Yesterday's Rally of 2.18%

By Shiri Gupta

Godaddy Inc-A (NYSE:GDDY) traded in a range yesterday that spanned from a low of $68.14 to a high of $70.00. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $69.46 on volume of 247,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Godaddy Inc-A share prices have moved between a 52-week high of $82.30 and a 52-week low of $56.66 and are now trading 23% above that low price at $69.73 per share. The 200-day and 50-day moving averages have moved 0.05% higher and 0.41% higher over the past week, respectively.

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

Keywords: rebounders godaddy inc-a

Ticker(s): GDDY