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SmarTrend Watching for Potential Pullback in Shares of Workday Inc-A After 1.00% Gain

By David Diaz

Workday Inc-A (NASDAQ:WDAY) traded in a range yesterday that spanned from a low of $135.06 to a high of $138.54. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $138.13 on volume of 535,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Workday Inc-A share prices have moved between a 52-week high of $140.00 and a 52-week low of $95.35 and are now trading 44% above that low price at $137.54 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.2%.

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

Keywords: rebounders workday inc-a

Ticker(s): WDAY