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Bearish Moving Average Cross by Godaddy Inc-A (GDDY)

By Nick Russo

Godaddy Inc-A (NYSE:GDDY) crossed under its 10-day moving average of $80.81 on a volume of 526K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Godaddy Inc-A share prices have moved between a 52-week high of $84.97 and a 52-week low of $56.66 and are now trading 42% above that low price at $80.52 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Godaddy Inc-A on December 31st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $64.96. Since that recommendation, shares of Godaddy Inc-A have risen 25.0%. We continue to monitor GDDY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses godaddy inc-a

Ticker(s): GDDY