Jakks Pacific Crosses Below its 10-day MA (JAKK)
Jakks Pacific (NASDAQ:JAKK) crossed under its 10-day moving average of $8.50 on a volume of 318K shares. Swing traders may find 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 Jakks Pacific have traded between a low of $6.11 and a high of $10.28 and are now at $8.20, which is 34% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.5%.
SmarTrend recommended that subscribers consider buying shares of Jakks Pacific on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.39. Since that recommendation, shares of Jakks Pacific have risen 18.5%. We continue to monitor JAKK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses jakks pacific