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Bearish Moving Average Cross by Cheesecake Facto (CAKE)

By David Diaz

Today, shares of Cheesecake Facto (NASDAQ:CAKE) have crossed bearishly below their 10-day moving average of $56.82 on a volume of 134K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Cheesecake Facto has traded in a range of $38.34 to $60.08 and is now at $56.56, 48% above that low. The 200-day and 50-day moving averages have moved 0.81% higher and 0.90% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Cheesecake Facto and will alert subscribers who have CAKE in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses cheesecake facto

Ticker(s): CAKE