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Brinker International Bearish Moving Average Crossover Alert (EAT)

By Shiri Gupta

Today, shares of Brinker International (NYSE:EAT) have crossed bearishly below their 10-day moving average of $50.64 on a volume of 1.4 million shares. This may provide short-term investors a chance 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 $49.11, 14% 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

Ticker(s): EAT