Watch These Workday Price Levels as Stock Tumbles on Disappointing Outlook
Workday(WDAY) Investopedia·2024-11-27 22:50
Key TakeawaysWorkday posted better-than-expected third-quarter results but provided a current-quarter subscription revenue outlook below Wall Street expectations, sending shares in the software maker sharply lower in early trading on Wednesday.A bearish divergence has formed between the stock's November peak and the relative strength index, a technical occurrence that signals weakening buying momentum.Investors should monitor important support areas on Workday's chart around $237, $223, and $207 while also ...