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Red Robin Gourme Bearish Moving Average Crossover Alert (RRGB)

By James Quinn

Red Robin Gourme (NASDAQ:RRGB) crossed under its 10-day moving average of $61.79 on a volume of 108K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Red Robin Gourme have traded between a low of $40.85 and a high of $74.11 and are now at $60.40, which is 48% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Red Robin Gourme on March 5th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $57.65. Since that recommendation, shares of Red Robin Gourme have risen 10.9%. We continue to monitor RRGB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses red robin gourme

Ticker(s): RRGB