Brinker International Bearish Moving Average Crossover Alert (EAT)
Brinker International (NYSE:EAT) crossed under its 10-day moving average of $50.51 on a volume of 125K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Brinker International share prices have been bracketed by a low of $43.20 and a high of $60.34 and are now at $50.12, 16% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 0.4%.
SmarTrend is tracking the current trend status for Brinker International and will alert subscribers who have EAT in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Brinker International