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Brinker International Bullish Moving Average Crossover Alert (EAT)

By James Quinn

Brinker International (NYSE:EAT) crossed over its 10-day moving average of $45.48 on a volume of 1.0 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Brinker International has traded in a range of $43.20 to $60.34 and is now at $47.38, 10% above that low. 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 recommended that its subscribers protect gains by selling shares of Brinker International on March 14th, 2016 by issuing a Downtrend alert when the shares were trading at $47.34. Since that call, shares of Brinker International have fallen 4.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Brinker International

Ticker(s): EAT