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After Yesterday's Rally of 1.44% Shares Could Potentially Pullback

By Amy Schwartz

Cal-Maine Foods (NASDAQ:CALM) traded in a range yesterday that spanned from a low of $42.76 to a high of $43.95. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $42.74 on volume of 64,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Cal-Maine Foods share prices have moved between a 52-week high of $50.63 and a 52-week low of $36.65 and are now trading 19% above that low price at $43.64 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Cal-Maine Foods and will alert subscribers who have CALM in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders cal-maine foods

Ticker(s): CALM