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Cal-Maine Foods Bearish Moving Average Crossover Alert (CALM)

By Shiri Gupta

Cal-Maine Foods (NASDAQ:CALM) crossed under its 10-day moving average of $50.12 on a volume of 151K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Cal-Maine Foods share prices have moved between a 52-week high of $52.30 and a 52-week low of $37.15 and are now trading 32% above that low price at $48.95 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Cal-Maine Foods on August 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $48.60. Since that recommendation, shares of Cal-Maine Foods have risen 4.8%. We continue to monitor CALM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cal-maine foods

Ticker(s): CALM