Markets

Cheesecake Factory Breaks Above 200-Day Moving Average - Bullish for CAKE

In trading on Tuesday, shares of Cheesecake Factory Inc. (Symbol: CAKE) crossed above their 200 day moving average of $48.46, changing hands as high as $48.69 per share. Cheesecake Factory Inc. shares are currently trading up about 1.2% on the day. The chart below shows the one year performance of CAKE shares, versus its 200 day moving average:

Cheesecake Factory Inc.  200 Day Moving Average Chart

Looking at the chart above, CAKE's low point in its 52 week range is $41.63 per share, with $60.1862 as the 52 week high point — that compares with a last trade of $48.55.

Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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