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Bullish Moving Average Cross by Papa John'S Intl (PZZA)

By Nick Russo

Today, shares of Papa John'S Intl (NASDAQ:PZZA) have crossed bullishly above their 10-day moving average of $46.57 on a volume of 141K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Papa John'S Intl share prices have been bracketed by a low of $38.05 and a high of $75.07 and are now at $46.89, 23% above that low price. The 200-day and 50-day moving averages have moved 0.36% lower and 0.72% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Papa John'S Intl on August 24th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.94. Since that recommendation, shares of Papa John'S Intl have risen 5.4%. We continue to monitor PZZA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses papa john's intl

Ticker(s): PZZA