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Watch for Cdk Global Inc to Potentially Rebound After Falling 2.80% Yesterday

By David Diaz

Cdk Global Inc (NASDAQ:CDK) traded in a range yesterday that spanned from a low of $51.09 to a high of $52.95. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $51.69 on volume of 805,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Cdk Global Inc on July 26th, 2018 by issuing a Downtrend alert when the shares were trading at $63.74. Since that call, shares of Cdk Global Inc have fallen 16.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Cdk Global Inchas traded in a range of $51.09 to $76.04 and are now at $51.53. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 0.4%.

Keywords: rebounders cdk global inc

Ticker(s): CDK