Cracker Barrel Crosses Below its 10-day MA (CBRL)
Cracker Barrel (NASDAQ:CBRL) shares have crossed bearishly below their 10-day moving average of $149.90 on a volume of 535K shares. This may provide swing traders with 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 Cracker Barrel have traded between a low of $117.95 and a high of $172.89 and are now at $143.95, which is 22% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.
SmarTrend recommended that its subscribers protect gains by selling shares of Cracker Barrel on July 13th, 2016 by issuing a Downtrend alert when the shares were trading at $157.30. Since that call, shares of Cracker Barrel have fallen 4.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses cracker barrel