Bullish Moving Average Cross by Jack in the Box (JACK)

Published on Mon, 03/30/2015 - 12:35
By Robert Cotter in Moving average crossovers, JACK, jack in the box, moving crosses, nasdaq:jack

Today, shares of Jack in the Box (NASDAQ:JACK) have advanced above their 10-day MA of $97.07 on a volume of 140K 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 $99.99 and a 52-week low of $18.25 and are now trading 434% above that low price at $97.52 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 1.3%.

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.

Jack in the Box (NASDAQ:JACK) has potential upside of 3.0% based on a current price of $97.52 and analysts' consensus price target of $100.42. The stock should discover initial support at its 50-day moving average (MA) of $91.80 and subsequent support at its 200-day MA of $73.17.

By Robert Cotter
rcotter@fnno.com

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