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Shares of Fiesta Restauran Fall to a New 52-Week Low

By Nick Russo

Shares of Fiesta Restauran (NASDAQ:FRGI) traded today at $13.20, breaking its 52-week low. This new low was reached on below average trading volume as 51,000 shares traded hands, while the average 30-day volume is approximately 217,000 shares.

Fiesta Restauran (NASDAQ:FRGI) has potential upside of 95.1% based on a current price of $13.20 and analysts' consensus price target of $25.75. The stock should find initial resistance at its 50-day moving average (MA) of $14.87 and further resistance at its 200-day MA of $22.58.

Over the past year, Fiesta Restauranhas traded in a range of $13.20 to $30.88 and are now at $13.20. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 1.2%.

Fiesta Restaurant Group, Inc. owns and operates a chain of restaurants. The Restaurants are casual dining restaurants located in the United States and Internationally.

SmarTrend recommended that its subscribers protect gains by selling shares of Fiesta Restauran on November 1st, 2018 by issuing a Downtrend alert when the shares were trading at $25.46. Since that call, shares of Fiesta Restauran have fallen 47.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows fiesta restauran

Ticker(s): FRGI