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Cheesecake Facto Crosses Below its 10-day MA (CAKE)

By David Diaz

Cheesecake Facto (NASDAQ:CAKE) shares have crossed bearishly below their 10-day moving average of $51.91 on a volume of 210K 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 $38.34 and a high of $67.14 and are now at $51.44, which is 34% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Cheesecake Facto on February 23rd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $48.39. Since that recommendation, shares of Cheesecake Facto have risen 8.1%. We continue to monitor CAKE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cheesecake facto

Ticker(s): CAKE