Shares of Jack in the Box are trading today in above average volume, with the share price rising 4.8% to $35.98. Approximately 432,000 shares have changed hands today vs. average 30-day volume of 353,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.
Jack in the Box (NASDAQ:JACK) is currently priced 1.7% above its average consensus analyst price target of $35.38. The stock should find initial support at its 50-day moving average (MA) of $32.19 and further support at its 200-day MA of $28.52.
Over the past year, Jack in the Box has traded in a range of $18.25 to $35.99 and is now at $35.98, 97% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.9%.
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.