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Watch for Zendesk Inc to Potentially Rebound After Falling 1.92% Yesterday

By James Quinn

Zendesk Inc (NYSE:ZEN) traded in a range yesterday that spanned from a low of $85.89 to a high of $88.60. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $86.71 on volume of 328,000 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 Zendesk Inc have traded between a low of $45.60 and a high of $92.50 and are now at $86.03, which is 89% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.4%.

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.

Keywords: rebounders zendesk inc

Ticker(s): ZEN