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Red Robin Gourme Rising Today on Above-Average Volume (RRGB)

By Shiri Gupta

Shares of Red Robin Gourme are trading up 27.0% to $32.33 today on above average volume. Approximately 1.1 million shares have changed hands today vs. average 30-day volume of 337,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that its subscribers protect gains by selling shares of Red Robin Gourme on May 24th, 2019 by issuing a Downtrend alert when the shares were trading at $30.55. Since that call, shares of Red Robin Gourme have fallen 16.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Red Robin Gourme has traded in a range of $24.57 to $67.10 and is now at $32.20, 31% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.7%.

Keywords: unusual volume red robin gourme

Ticker(s): RRGB