Jack in the Box Bullish Moving Average Crossover Alert (JACK)
Jack in the Box (NASDAQ:JACK) crossed over its 10-day moving average of $98.66 on a volume of 118K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Jack in the Box share prices have moved between a 52-week high of $99.99 and a 52-week low of $61.78 and are now trading 61% above that low price at $99.25 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.6%.
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 33.3%. 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