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Workday Inc-A Set to Possibly Pullback After Yesterday's Rally of 3.10%

By Shiri Gupta

Workday Inc-A (NASDAQ:WDAY) traded in a range yesterday that spanned from a low of $126.94 to a high of $130.75. Yesterday, the shares gained 3.1%, which took the trading range above the 3-day high of $127.94 on volume of 1.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Workday Inc-A share prices have moved between a 52-week high of $140.00 and a 52-week low of $92.79 and are now trading 41% above that low price at $130.47 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Workday Inc-A and will alert subscribers who have WDAY in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders workday inc-a

Ticker(s): WDAY