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Jack in the Box Shares Climbing Higher, Up 3.1%

Published on Tue, 06/18/2013 - 10:27
By Peter Chu

Jack in the Box (NASDAQ:JACK) is one of today's notable stocks on the rise, up 3.1% to $38.12. The Dow Jones Industrial Average is now trading 0.6% higher to 15,278 and the S&P is trading 0.5% higher to 1,647.

Over the past year, Jack in the Box has traded in a range of $18.25 to $38.74 and is now at $38.12, 109% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.6%.

Jack in the Box (NASDAQ:JACK) has potential upside of 4.9% based on a current price of $38.12 and analysts' consensus price target of $40.00. The stock should discover initial support at its 50-day moving average (MA) of $36.54 and subsequent support at its 200-day MA of $30.86.

Jack in the Box Inc. operates and franchises Jack In the Box fast-food restaurants primarily in the Western region of the United States. The Company's drive-thru restaurants offer hamburgers, specialty sandwiches, salads, Mexican food, finger foods, and side items.

By Peter Chu
pchu@fnno.com