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Shares of Del Frisco'S Res Down on Above Average Volume, Moving Against Trend (DFRG)

By David Diaz

Del Frisco'S Res shares are trading on heavy volume today, having fallen 0.5% to $7.94. About 3.2 million shares have been traded today, as compared to the 30-day average volume of 397,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Del Frisco'S Res on May 22nd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.82. Since that recommendation, shares of Del Frisco'S Res have risen 17.0%. We continue to monitor DFRG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Del Frisco'S Res share prices have moved between a 52-week high of $9.27 and a 52-week low of $4.61 and are now trading 73% above that low price at $7.98 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has remained constant.

Keywords: unusual volume :dfrg del frisco's res

Ticker(s): DFRG