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Recent 52-Week High Exceeded in Shares of Ruth'S Hospitali (RUTH)

By Nick Russo

Ruth'S Hospitali (NASDAQ:RUTH) traded at a new 52-week high today of $31.00. This new high was reached on approximately average trading volume as 221,000 shares traded hands, while the average 30-day volume is approximately 176,000 shares.

Ruth's Hospitality Group, Inc. operates a chain of upscale steak houses. The Company's restaurants are located throughout the United States and in several international locations.

In the past 52 weeks, shares of Ruth'S Hospitali have traded between a low of $13.74 and a high of $31.00 and are now at $30.95, which is 125% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.6%.

Based on a current price of $30.95, Ruth'S Hospitali is currently 12.8% above its average consensus analyst price target of $27.00. Ruth'S Hospitali shares have support at the 50-day moving average (MA) of $28.42 and additional support at the 200-day MA of $24.78.

SmarTrend recommended that subscribers consider buying shares of Ruth'S Hospitali on November 30th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.48. Since that recommendation, shares of Ruth'S Hospitali have risen 34.1%. We continue to monitor RUTH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows ruth's hospitali

Ticker(s): RUTH