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Jack In The Box Rises 1.11% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Jack In The Box (NASDAQ:JACK) traded in a range yesterday that spanned from a low of $77.05 to a high of $78.05. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $78.02 on volume of 343,000 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 Jack In The Box. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Jack In The Box in search of a potential trend change.

In the past 52 weeks, shares of Jack In The Box have traded between a low of $74.19 and a high of $93.98 and are now at $77.74, which is 5% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders jack in the box

Ticker(s): JACK