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Texas Roadhouse Crosses Above its 10-day MA (TXRH)

By Shiri Gupta

Today, shares of Texas Roadhouse (NASDAQ:TXRH) have crossed bullishly above their 10-day moving average of $38.19 on a volume of 199K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Texas Roadhouse share prices have been bracketed by a low of $31.55 and a high of $48.99 and are now at $38.69, 23% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Texas Roadhouse on August 2nd, 2016 by issuing a Downtrend alert when the shares were trading at $42.63. Since that call, shares of Texas Roadhouse have fallen 10.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Texas Roadhouse

Ticker(s): TXRH