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How Zoom Is Positioned Ahead of Earnings

·2 min read
How Zoom Is Positioned Ahead of Earnings
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Zoom Video Communications is scheduled to report its latest quarterly numbers after the close of trading Monday. In the daily bar chart of ZM, below, we can see a long and painful slide from around $400 in July to less than $100 this month. Prices are trading below the declining 50-day moving average line as well as the bearish 200-day moving average line.