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Carmike Cinemas Bullish Moving Average Crossover Alert (CKEC)

By David Diaz

Carmike Cinemas (NASDAQ:CKEC) crossed over its 10-day moving average of $30.64 on a volume of 510K 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, Carmike Cinemas share prices have been bracketed by a low of $18.51 and a high of $32.70 and are now at $30.88, 67% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.7%.

SmarTrend recommended that subscribers consider buying shares of Carmike Cinemas on March 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.17. Since that recommendation, shares of Carmike Cinemas have risen 21.1%. We continue to monitor CKEC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses carmike cinemas

Ticker(s): CKEC