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Look for Shares of Godaddy Inc-A to Potentially Pullback after Yesterday's 1.23% Rise

By Nick Russo

Godaddy Inc-A (NYSE:GDDY) traded in a range yesterday that spanned from a low of $69.43 to a high of $70.75. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $69.83 on volume of 532,000 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 $28.13 to $70.75 and is now at $70.52, 151% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.3%.

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 10.1%. 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