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Texas Roadhouse Falling Today on Above-Average Volume (TXRH)

By David Diaz

Texas Roadhouse's stock is down 6.6% to $45.73 on heavy trading volume. About 994,000 shares have been traded today, as compared to the 30-day average volume of 760,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of Texas Roadhouse on May 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.24. Since that recommendation, shares of Texas Roadhouse have risen 10.7%. We continue to monitor TXRH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Texas Roadhouse share prices have been bracketed by a low of $31.55 and a high of $48.99 and are now at $46.22, 46% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

Keywords: unusual volume Texas Roadhouse

Ticker(s): TXRH