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Bearish Moving Average Cross by Bob Evans Farms (BOBE)

By David Diaz

Today, shares of Bob Evans Farms (NASDAQ:BOBE) have fallen below their 10-day MA of $71.43 on a volume of 162K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Bob Evans Farms have traded between a low of $35.63 and a high of $75.34 and are now at $69.53, which is 95% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Bob Evans Farms on January 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.56. Since that recommendation, shares of Bob Evans Farms have risen 23.1%. We continue to monitor BOBE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses bob evans farms

Ticker(s): BOBE