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Chuy'S Holdings Bearish Moving Average Crossover Alert (CHUY)

By David Diaz

Today, shares of Chuy'S Holdings (NASDAQ:CHUY) have fallen below their 10-day MA of $30.66 on a volume of 135K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Chuy'S Holdings share prices have moved between a 52-week high of $34.10 and a 52-week low of $18.00 and are now trading 49% above that low price at $26.75 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.6%.

SmarTrend recommended that subscribers consider buying shares of Chuy'S Holdings on April 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.38. Since that recommendation, shares of Chuy'S Holdings have risen 13.1%. We continue to monitor CHUY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses chuy's holdings

Ticker(s): CHUY