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Habit Restaura-A: The Losing Streak Continues (HABT)

By Nick Russo

Shares of Habit Restaura-A (NASDAQ:HABT) traded at a new 52-week low today of $8.81. Approximately 94,000 shares have changed hands today, as compared to an average 30-day volume of 344,000 shares.

In the past 52 weeks, Habit Restaura-A share prices have been bracketed by a current low of $8.81 and a high of $18.30 and are now at $8.81. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.7%.

The Habit Restaurants, Inc. owns and operates chain of restaurants. The Company offers grilled chicken, salads, shakes, and burgers. Habit Restaurants serves customers in the United States.

Potential upside of 23.4% exists for Habit Restaura-A, based on a current level of $8.81 and analysts' average consensus price target of $10.88. The stock should find initial resistance at its 50-day moving average (MA) of $9.97 and further resistance at its 200-day MA of $11.17.

SmarTrend recommended that its subscribers protect gains by selling shares of Habit Restaura-A on June 3rd, 2019 by issuing a Downtrend alert when the shares were trading at $10.02. Since that call, shares of Habit Restaura-A have fallen 10.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows habit restaura-a

Ticker(s): HABT