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Cheesecake Facto Bearish Moving Average Crossover Alert (CAKE)

By David Diaz

Cheesecake Facto (NASDAQ:CAKE) shares have crossed bearishly below their 10-day moving average of $42.28 on a volume of 128K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Cheesecake Facto have traded between a low of $35.83 and a high of $55.30 and are now at $41.74, which is 16% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.2%.

SmarTrend is monitoring the recent change of momentum in Cheesecake Facto. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cheesecake Facto in search of a potential trend change.

Keywords: moving crosses cheesecake facto

Ticker(s): CAKE