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Bearish Moving Average Cross by Cracker Barrel (CBRL)

By James Quinn

Cracker Barrel (NASDAQ:CBRL) shares have crossed bearishly below their 10-day moving average of $152.26 on a volume of 155K 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, Cracker Barrel has traded in a range of $143.00 to $179.12 and is now at $149.96, 5% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

SmarTrend is monitoring the recent change of momentum in Cracker Barrel. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cracker Barrel in search of a potential trend change.

Keywords: moving crosses cracker barrel

Ticker(s): CBRL