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Bullish Moving Average Cross by Red Robin Gourme (RRGB)

By James Quinn

Red Robin Gourme (NASDAQ:RRGB) crossed over its 10-day moving average of $52.67 on a volume of 124K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Red Robin Gourme share prices have moved between a 52-week high of $74.11 and a 52-week low of $40.85 and are now trading 30% above that low price at $52.92 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%.

SmarTrend is tracking the current trend status for Red Robin Gourme and will alert subscribers who have RRGB in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses red robin gourme

Ticker(s): RRGB