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Bullish Moving Average Cross by Jack In The Box (JACK)

By David Diaz

Today, shares of Jack In The Box (NASDAQ:JACK) have crossed bullishly above their 10-day moving average of $30.62 on a volume of 313K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Jack In The Box share prices have moved between a 52-week high of $93.12 and a 52-week low of $16.81 and are now trading 86% above that low price at $31.23 per share. The 200-day and 50-day moving averages have moved 1.08% lower and 4.43% lower over the past week, respectively.

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.

Keywords: moving crosses jack in the box

Ticker(s): JACK