Cheesecake Factory Crosses Below its 10-day MA (CAKE)
Cheesecake Factory (NASDAQ:CAKE) crossed under its 10-day moving average of $51.05 on a volume of 230K 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 $58.86 and are now at $50.39, 14% above that low price. The 200-day and 50-day moving averages have moved 0.06% lower and 0.36% higher over the past week, respectively.
SmarTrend is monitoring the recent change of momentum in Cheesecake Factory. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cheesecake Factory in search of a potential trend change.
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