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Recent 52-Week Low Surpassed in Shares of Cheesecake Facto (CAKE)

By Nick Russo

Shares of Cheesecake Facto (NASDAQ:CAKE) traded today at $38.15, breaking its 52-week low. So far today approximately 111,000 shares have been exchanged, as compared to an average 30-day volume of 736,000 shares.

In the past 52 weeks, Cheesecake Facto share prices have been bracketed by a current low of $38.15 and a high of $55.63 and are now at $38.15. The 200-day and 50-day moving averages have moved 0.34% lower and 0.59% lower over the past week, respectively.

The Cheesecake Factory Incorporated operates casual dining restaurants under the name The Cheesecake Factory. The Company's restaurants offer appetizers, sandwiches, pasta, various meats, and varieties of cheesecake. The Cheesecake Factory serves customers in the United States.

Potential upside of 36.6% exists for Cheesecake Facto, based on a current level of $38.15 and analysts' average consensus price target of $52.11. Cheesecake Facto shares should first meet resistance at the 50-day moving average (MA) of $43.53 and find additional resistance at the 200-day MA of $46.05.

SmarTrend recommended that its subscribers protect gains by selling shares of Cheesecake Facto on May 24th, 2019 by issuing a Downtrend alert when the shares were trading at $44.78. Since that call, shares of Cheesecake Facto have fallen 12.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows cheesecake facto

Ticker(s): CAKE