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Cracker Barrel Set to Possibly Rebound After Yesterday's Selloff of 2.91%

By Shiri Gupta

Cracker Barrel (NASDAQ:CBRL) traded in a range yesterday that spanned from a low of $160.88 to a high of $166.36. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $161.73 on volume of 187,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Cracker Barrel and will alert subscribers who have CBRL in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Cracker Barrel have traded between a low of $141.63 and a high of $185.00 and are now at $161.78, which is 14% above that low price. The 200-day and 50-day moving averages have moved 0.08% lower and 0.27% lower over the past week, respectively.

Keywords: rebounders cracker barrel

Ticker(s): CBRL