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Bullish Moving Average Cross by Shake Shack In-A (SHAK)

By James Quinn

Shake Shack In-A (NYSE:SHAK) shares have crossed bullishly above their 10-day moving average of $58.63 on a volume of 131K 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.

Shake Shack In-A share prices have moved between a 52-week high of $59.91 and a 52-week low of $30.12 and are now trading 96% above that low price at $59.02 per share. Over the past week, the 200-day moving average (MA) has gone up 1.6% while the 50-day MA has advanced 3.9%.

SmarTrend recommended that subscribers consider buying shares of Shake Shack In-A on March 7th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.18. Since that recommendation, shares of Shake Shack In-A have risen 41.9%. We continue to monitor SHAK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses shake shack in-a

Ticker(s): SHAK