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Shares of Ruth'S Hospitali Has Risen Above Previous 52-Week High

By James Quinn

Shares of Ruth'S Hospitali (NASDAQ:RUTH) traded at a new 52-week high today of $26.05. Approximately 61,000 shares have changed hands today, as compared to an average 30-day volume of 298,000 shares.

Ruth'S Hospitali (NASDAQ:RUTH) is currently priced 5.6% above its average consensus analyst price target of $24.60. Ruth'S Hospitali shares have support at the 50-day moving average (MA) of $17.55 and additional support at the 200-day MA of $16.63.

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.

Ruth'S Hospitali share prices have moved between a 52-week high of $26.05 and a 52-week low of $13.74 and are now trading 90% above that low price at $26.05 per share. The 200-day and 50-day moving averages have moved 0.07% higher and 0.08% lower over the past week, respectively.

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 19.0%. 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