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Look for Shares of Jack In The Box to Potentially Rebound after Yesterday's 1.88% Sell Off

By Nick Russo

Jack In The Box (NASDAQ:JACK) traded in a range yesterday that spanned from a low of $83.11 to a high of $87.59. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $87.29 on volume of 455,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Jack In The Box share prices have been bracketed by a low of $70.77 and a high of $93.12 and are now at $86.00, 22% above that low price. The 200-day and 50-day moving averages have moved 0.13% higher and 0.51% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Jack In The Box and will alert subscribers who have JACK in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders jack in the box

Ticker(s): JACK