• Return to Headlines

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

By David Diaz

Texas Roadhouse (NASDAQ:TXRH) crossed over its 10-day moving average of $46.55 on a volume of 1.4 million 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.

Over the past year, Texas Roadhouse has traded in a range of $31.55 to $51.22 and is now at $50.43, 60% above that low. 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 is tracking the current trend status for Texas Roadhouse and will alert subscribers who have TXRH in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Texas Roadhouse

Ticker(s): TXRH