Jack in the Box Bullish Moving Average Crossover Alert (JACK)
Today, shares of Jack in the Box (NASDAQ:JACK) have crossed bullishly above their 10-day moving average of $98.86 on a volume of 138K shares. Swing traders may find 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 $102.63 and a 52-week low of $61.78 and are now trading 61% above that low price at $99.44 per share. 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 33.9%. 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