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March 12, 2023
Friday at a glance: Zendesk moves 0.03% to close at $77.48 Friday.
Trend-following investors would be interested to note that investors are seeking long positions as Zendesk, Inc. price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Asset volatility analysis shows that Zendesk's upper Bollinger Band® is at $77.5, suggesting that a downward move may follow.
With market volatility ebbing, the current technical outlook indicates Zendesk will remain range-bound for the immediate future.
Meanwhile, mixed performances were seen by other technology stocks as Accenture plc Class A (Ireland) dips 2.62% Friday to close at $259.76. Oracle went down to $84.07, losing 3.22% after it closed at $86.87 Friday. Intuit closed at $392.61 (down 2.96%).
The stock has been trending positively for about 8 months. Approximately 10 months ago, the SaaS company reached a significant high of $129.12 but has struggled to hold onto its gains and declined 40% since then.
