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

By David Diaz

Today, shares of Texas Roadhouse (NASDAQ:TXRH) have crossed bearishly below their 10-day moving average of $49.46 on a volume of 184K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Texas Roadhouse have traded between a low of $31.55 and a high of $51.79 and are now at $49.08, which is 56% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Texas Roadhouse on April 11th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.87. Since that recommendation, shares of Texas Roadhouse have risen 11.5%. We continue to monitor TXRH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Texas Roadhouse

Ticker(s): TXRH