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May 28, 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.
Overall, technical indicators suggest Zendesk has no obvious direction for the immediate future.
Meanwhile, mixed performances were seen by other technology stocks as Intel added 5.84% to its value, and traded at $29. Qualcomm traded at $110.35 after closing Friday's trading day at $104 (up 6.09%). Accenture plc Class A (Ireland) traded at $303.6 after closing Friday's trading day at $291.76 (up 4.06%).
The stock has been trending positively for about 11 months. Zendesk hit a significant low of $54.53 around 11 months ago, but has since recovered 42.05%.
