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SmarTrend Watching for Potential Rebound in Shares of Zendesk Inc After 3.58% Loss

By James Quinn

Zendesk Inc (NYSE:ZEN) traded in a range yesterday that spanned from a low of $69.14 to a high of $70.39. Yesterday, the shares fell 3.6%, which took the trading range below the 3-day low of $69.66 on volume of 106,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

Over the past year, Zendesk Inc has traded in a range of $45.60 to $94.79 and is now at $70.24, 54% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 1%.

Keywords: rebounders zendesk inc

Ticker(s): ZEN