Bullish Moving Average Cross by Cheesecake Factory (CAKE)
Today, shares of Cheesecake Factory (NASDAQ:CAKE) have advanced above their 10-day MA of $50.04 on a volume of 351K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, Cheesecake Factory share prices have been bracketed by a low of $44.16 and a high of $58.86 and are now at $50.84, 15% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.
SmarTrend is monitoring the recent change of momentum in Cheesecake Factory. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cheesecake Factory in search of a potential trend change.
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