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SmarTrend Watching for Potential Pullback in Shares of Zendesk Inc After 3.35% Gain

By Amy Schwartz

Zendesk Inc (NYSE:ZEN) traded in a range yesterday that spanned from a low of $71.90 to a high of $74.77. Yesterday, the shares gained 3.4%, which took the trading range above the 3-day high of $74.61 on volume of 260,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

Zendesk Inc share prices have moved between a 52-week high of $94.79 and a 52-week low of $50.23 and are now trading 48% above that low price at $74.32 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.4%.

Keywords: rebounders zendesk inc

Ticker(s): ZEN