Bearish Moving Average Cross by Jack in the Box (JACK)
Jack in the Box (NASDAQ:JACK) crossed under its 10-day moving average of $89.33 on a volume of 115K 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, Jack in the Box share prices have been bracketed by a low of $61.78 and a high of $99.99 and are now at $88.87, 44% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.3%.
SmarTrend recommended that subscribers consider buying shares of Jack in the Box on May 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $73.57. Since that recommendation, shares of Jack in the Box have risen 23.3%. We continue to monitor JACK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses jack in the box