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Bearish Moving Average Cross by Bj'S Restaurants (BJRI)

By Amy Schwartz

Today, shares of Bj'S Restaurants (NASDAQ:BJRI) have crossed bearishly below their 10-day moving average of $53.86 on a volume of 130K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Bj'S Restaurants has traded in a range of $28.00 to $57.65 and is now at $52.10, 86% above that low. The 200-day and 50-day moving averages have moved 0.2% lower and 0.06% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Bj'S Restaurants on October 20th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.25. Since that recommendation, shares of Bj'S Restaurants have risen 67.6%. We continue to monitor BJRI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses bj's restaurants

Ticker(s): BJRI