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Jack in the Box Crosses Below its 10-day MA (JACK)

By James Quinn

Today, shares of Jack in the Box (NASDAQ:JACK) have fallen below their 10-day MA of $96.20 on a volume of 309K 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 Jack in the Box have traded between a low of $61.78 and a high of $102.68 and are now at $93.53, which is 51% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.3%.

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 31.9%. 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

Ticker(s): JACK