Cheesecake Factory (CAKE) Downgrade Alert, Watch for 45.8% Technical Uptrend Reversal
Tuesday, March 9, 2010 - 09:53
Written on Tue, 03/09/2010 - 9:53am
By Chip Brian

Cheesecake Factory (NASDAQ:CAKE) downgraded to Sell from Neutral, $20 target, at Janney Montgomery Scott. The stock closed yesterday at $25.71 on volume of 1,729,763 shares, above average daily volume of 1,338,753.
Cheesecake Factory is currently above its 50-day moving average of $22.47 and above its 200-day moving average of $19.39.
SmarTrend is bullish on shares of CAKE and our subscribers received an Uptrend alert on June 04, 2009 at $17.63, which has returned 45.8% to date.

Keywords: Stock Alerts price trends technical analysis charting uptrend downtrend stock charts

Ticker(s): CAKE

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