Today, shares of Cheesecake Factory (NASDAQ:CAKE) have fallen below their 10-day MA of $31.89 on a volume of 540K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Cheesecake Factory share prices have been bracketed by a low of $23.65 and a high of $34.07 and are now at $31.53, 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.
The Cheesecake Factory Incorporated operates casual dining restaurants under the name The Cheesecake Factory. The Company's restaurants offer appetizers, sandwiches, pasta, various meats, and varieties of cheesecake. The Cheesecake Factory operates in the United States.
There is potential upside of 7.8% for shares of Cheesecake Factory based on a current price of $31.53 and an average consensus analyst price target of $34.00. Cheesecake Factory shares have support at the 50-day moving average (MA) of $30.32 and additional support at the 200-day MA of $28.56.
