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Zendesk Inc Crosses Above its 10-day MA (ZEN)

By Nick Russo

Zendesk Inc (NYSE:ZEN) crossed over its 10-day moving average of $84.86 on a volume of 254K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Zendesk Inc has traded in a range of $45.60 to $87.92 and is now at $85.56, 88% above that low. The 200-day and 50-day moving averages have moved 0.80% higher and 0.76% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Zendesk Inc on December 31st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $57.93. Since that recommendation, shares of Zendesk Inc have risen 44.4%. We continue to monitor ZEN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses zendesk inc

Ticker(s): ZEN