Bearish Moving Average Cross by Cabela's (CAB)
Today, shares of Cabela's (NYSE:CAB) have crossed bearishly below their 10-day moving average of $53.57 on a volume of 269K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Cabela's share prices have been bracketed by a low of $33.03 and a high of $54.97 and are now at $52.60, 59% above that low price. The 200-day and 50-day moving averages have moved 0.05% higher and 1.08% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Cabela's on June 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $51.71. Since that recommendation, shares of Cabela's have risen 4.1%. We continue to monitor CAB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses cabela's