Cheesecake Factory (CAKE) moved sharply lower at the beginning of June and then rebounded with the market the last few weeks. This rebound, however, is running into resistance from the gap and prior high. Also notice that MACD turned down and is on the verge of breaking below its signal line.
Click this image for a live version.
 | StockCharts.com - Blogs |
All articles from the StockCharts.com blogs
Don't Ignore This Chart!
« Previous Article | Top | Next Article »
