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Watch for Godaddy Inc-A to Potentially Rebound After Falling 1.65% Yesterday

By David Diaz

Godaddy Inc-A (NYSE:GDDY) traded in a range yesterday that spanned from a low of $62.22 to a high of $63.76. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $62.53 on volume of 599,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Godaddy Inc-A have traded between a low of $28.13 and a high of $64.49 and are now at $62.36, which is 122% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Godaddy Inc-A on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $55.08. Since that recommendation, shares of Godaddy Inc-A have risen 15.6%. 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