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SmarTrend Watching for Potential Pullback in Shares of Jack In The Box After 2.17% Gain

By Nick Russo

Jack In The Box (NASDAQ:JACK) traded in a range yesterday that spanned from a low of $79.44 to a high of $81.75. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $79.96 on volume of 225,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Jack In The Box on October 23rd, 2019 by issuing a Downtrend alert when the shares were trading at $83.69. Since that call, shares of Jack In The Box have fallen 4.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Jack In The Box share prices have moved between a 52-week high of $93.12 and a 52-week low of $70.77 and are now trading 13% above that low price at $80.25 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

Keywords: rebounders jack in the box

Ticker(s): JACK