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Brinker Intl: The Winning Streak Continues (EAT)

By David Diaz

Brinker Intl (NYSE:EAT) traded today at a new 52-week high of $49.98. This new high was reached on below average trading volume as 131,000 shares traded hands, while the average 30-day volume is approximately 1.6 million shares.

Brinker International, Inc. is a restaurant operator who owns, operates, or franchises establishments in the United States and Internationally. These restaurants offer customers burgers, ribs, salads, steaks, classic Italian fare, and Tex-Mex offerings.

In the past 52 weeks, shares of Brinker Intl have traded between a low of $29.50 and a high of $49.98 and are now at $49.95, which is 69% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.8%.

Based on a current price of $49.95, Brinker Intl is currently 10.1% above its average consensus analyst price target of $44.93. The stock should discover initial support at its 50-day moving average (MA) of $43.10 and subsequent support at its 200-day MA of $36.91.

SmarTrend is monitoring the recent change of momentum in Brinker Intl. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Brinker Intl in search of a potential trend change.

Keywords: 52 week high/lows brinker intl

Ticker(s): EAT