Jack in the Box Bearish Moving Average Crossover Alert (JACK)
Jack in the Box (NASDAQ:JACK) crossed under its 10-day moving average of $99.61 on a volume of 218K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Jack in the Box share prices have been bracketed by a low of $61.78 and a high of $102.68 and are now at $98.76, 60% above that low price. The 200-day and 50-day moving averages have moved 0.63% lower and 0.33% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Jack in the Box on May 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $73.57. Since that recommendation, shares of Jack in the Box have risen 38.2%. We continue to monitor JACK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses jack in the box