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Downtrend Call Working As Nathans Famous Stock Falls 24.0% (NATH)

By James Quinn

SmarTrend identified a Downtrend for Nathans Famous (NASDAQ:NATH) on August 3rd, 2018 at $91.53. In approximately 4 months, Nathans Famous has returned 24.00% as of today's recent price of $69.56.

Nathans Famous share prices have moved between a 52-week high of $107.05 and a 52-week low of $60.35 and are now trading 15% above that low price at $69.56 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has remained constant.

Nathan's Famous, Inc. operates, franchises, and licenses Nathan's Famous, Miami Subs, Kenny Rogers Roasters, and Arthur Treachers Fish & Chips fast-food restaurants. The Company also has various branded product points of distribution. In addition, Nathan's packaged products are sold within supermarket chains and club stores.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Nathans Famous.

Log in and add Nathans Famous (NATH) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights nathans famous

Ticker(s): NATH