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Cheesecake Facto Bullish Moving Average Crossover Alert (CAKE)

By Amy Schwartz

Today, shares of Cheesecake Facto (NASDAQ:CAKE) have advanced above their 10-day MA of $51.27 on a volume of 105K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Cheesecake Facto have traded between a low of $38.34 and a high of $60.13 and are now at $51.54, which is 34% above that low price. The 200-day and 50-day moving averages have moved 0.24% higher and 0.28% higher over the past week, respectively.

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