Jack in the Box Crosses Below its 10-day MA (JACK)
Today, shares of Jack in the Box (NASDAQ:JACK) have fallen below their 10-day MA of $93.54 on a volume of 642K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Jack in the Box has traded in a range of $18.25 to $99.99 and is now at $89.79, 392% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.6%.
SmarTrend recommended that subscribers consider buying shares of Jack in the Box on July 13th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $91.15. Since that recommendation, shares of Jack in the Box have risen 6.6%. We continue to monitor JACK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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