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Cal-Maine Foods Set to Possibly Pullback After Yesterday's Rally of 2.20%

By Nick Russo

Cal-Maine Foods (NASDAQ:CALM) traded in a range yesterday that spanned from a low of $41.81 to a high of $42.83. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $42.50 on volume of 89,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Cal-Maine Foods. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cal-Maine Foods in search of a potential trend change.

Over the past year, Cal-Maine Foods has traded in a range of $36.65 to $51.55 and is now at $42.66, 16% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.3%.

Keywords: rebounders cal-maine foods

Ticker(s): CALM