Zebra Technologies Corp (ZBRA): Price Now Near $481.41; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for ZBRA

At the time of this writing, ZBRA’s price is down $-6.9 (-1.41%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 and 50 hour moving averages, resulting in them so that price is now turning below them. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

ZBRA’s Technical Outlook on the Daily Chart

At the moment, ZBRA’s price is down $-6.44 (-1.32%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as ZBRA has now gone down 4 of the past 5 days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. Zebra Technologies Corp’s price action over the past 90 days can be seen via the chart below.

ZBRA

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