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SmarTrend Watching for Potential Pullback in Shares of Workday Inc-A After 4.94% Gain

By James Quinn

Workday Inc-A (NASDAQ:WDAY) traded in a range yesterday that spanned from a low of $125.84 to a high of $133.12. Yesterday, the shares gained 4.9%, which took the trading range above the 3-day high of $129.06 on volume of 2.0 million 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, Workday Inc-A has traded in a range of $65.79 to $140.00 and is now at $132.62, 102% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has slid 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Workday Inc-A on March 19th, 2018 by issuing a Downtrend alert when the shares were trading at $131.92. Since that call, shares of Workday Inc-A have fallen 3.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders workday inc-a

Ticker(s): WDAY