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Look for Shares of Brinker Intl to Potentially Pullback after Yesterday's 1.61% Rise

By Shiri Gupta

Brinker Intl (NYSE:EAT) traded in a range yesterday that spanned from a low of $44.55 to a high of $45.63. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $45.18 on volume of 91,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Brinker Intl on October 25th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.17. Since that recommendation, shares of Brinker Intl have risen 3.8%. We continue to monitor EAT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Brinker Intl have traded between a low of $36.44 and a high of $53.61 and are now at $45.52, which is 25% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

Keywords: rebounders brinker intl

Ticker(s): EAT