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After Yesterday's Rally of 1.47% Shares Could Potentially Pullback

By James Quinn

Red Robin Gourme (NASDAQ:RRGB) traded in a range yesterday that spanned from a low of $49.10 to a high of $50.00. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $49.95 on volume of 86,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Red Robin Gourme have traded between a low of $40.85 and a high of $74.11 and are now at $49.45, which is 21% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 2.1%.

SmarTrend is tracking the current trend status for Red Robin Gourme and will alert subscribers who have RRGB in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders red robin gourme

Ticker(s): RRGB