• Return to Headlines

Panera Bread Bullish Moving Average Crossover Alert (PNRA)

By James Quinn

Today, shares of Panera Bread (NASDAQ:PNRA) have crossed bullishly above their 10-day moving average of $192.30 on a volume of 189K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Panera Bread has traded in a range of $165.17 to $224.15 and is now at $194.16, 18% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Panera Bread on September 9th, 2016 by issuing a Downtrend alert when the shares were trading at $209.05. Since that call, shares of Panera Bread have fallen 9.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses panera bread

Ticker(s): PNRA