• Return to Headlines

Watch for Cal-Maine Foods to Potentially Pullback After Gaining 2.26% Yesterday

By David Diaz

Cal-Maine Foods (NASDAQ:CALM) traded in a range yesterday that spanned from a low of $37.90 to a high of $38.95. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $38.72 on volume of 124,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Cal-Maine Foods share prices have been bracketed by a low of $36.65 and a high of $50.69 and are now at $38.75, 6% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.4%.

SmarTrend is monitoring the recent change of momentum in Cal-Maine Foods. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cal-Maine Foods in search of a potential trend change.

Keywords: rebounders cal-maine foods

Ticker(s): CALM