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Shake Shack In-A Crosses Above its 10-day MA (SHAK)

By Amy Schwartz

Shake Shack In-A (NYSE:SHAK) shares have crossed bullishly above their 10-day moving average of $43.49 on a volume of 244K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Shake Shack In-A have traded between a low of $30.12 and a high of $47.39 and are now at $44.81, which is 49% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 1.2%.

SmarTrend recommended that subscribers consider buying shares of Shake Shack In-A on March 7th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.18. Since that recommendation, shares of Shake Shack In-A have risen 5.0%. We continue to monitor SHAK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses shake shack in-a

Ticker(s): SHAK