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

By Shiri Gupta

Today, shares of Texas Roadhouse (NASDAQ:TXRH) have fallen below their 10-day MA of $45.63 on a volume of 178K 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, Texas Roadhouse share prices have been bracketed by a low of $31.55 and a high of $46.81 and are now at $44.76, 42% 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 subscribers consider buying shares of Texas Roadhouse on May 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.24. Since that recommendation, shares of Texas Roadhouse have risen 3.5%. 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