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Cheesecake Factory Bearish Moving Average Crossover Alert (CAKE)

By Nick Russo

Cheesecake Factory (NASDAQ:CAKE) shares have crossed bearishly below their 10-day moving average of $57.86 on a volume of 2.8 million 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, Cheesecake Factory share prices have been bracketed by a low of $44.16 and a high of $67.14 and are now at $53.11, 20% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Cheesecake Factory and will alert subscribers who have CAKE in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses cheesecake factory

Ticker(s): CAKE