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Bj'S Restaurants Falls 5.20% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Bj'S Restaurants (:BJRI) traded in a range yesterday that spanned from a low of $38.74 to a high of $39.50. Yesterday, the shares fell 5.2%, which took the trading range below the 3-day low of $39.47 on volume of 52,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Bj'S Restaurants share prices have moved between a 52-week high of $56.50 and a 52-week low of $32.62 and are now trading 19% above that low price at $38.85 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.4%.

SmarTrend is tracking the current trend status for Bj'S Restaurants and will alert subscribers who have BJRI in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders :bjri bj's restaurants

Ticker(s): BJRI