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Shares of Brinker Intl Fall Below Previous 52-Week Low

By Shiri Gupta

Shares of Brinker Intl (NYSE:EAT) traded at a new 52-week low today of $30.96. So far today approximately 144,000 shares have been exchanged, as compared to an average 30-day volume of 1.3 million shares.

Brinker International, Inc. is a restaurant operator who owns, operates, or franchises establishments in the United States and Internationally. These restaurants offer customers burgers, ribs, salads, steaks, classic Italian fare, and Tex-Mex offerings.

Over the past year, Brinker Intlhas traded in a range of $30.96 to $55.84 and are now at $31.01. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 0.4%.

Brinker Intl has overhead space with shares priced $31.01, or 33.7% below the average consensus analyst price target of $46.77. The stock should run into initial resistance at its 50-day moving average (MA) of $47.07 and subsequent resistance at its 200-day MA of $49.24.

SmarTrend recommended that its subscribers protect gains by selling shares of Brinker Intl on June 15th, 2017 by issuing a Downtrend alert when the shares were trading at $37.72. Since that call, shares of Brinker Intl have fallen 17.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows brinker intl

Ticker(s): EAT