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Shares of RRGB Down 22.5% Since Downtrend Call on Shares

By Shiri Gupta

SmarTrend identified a Downtrend for Red Robin Gourme (NASDAQ:RRGB) on May 23rd, 2018 at $47.88. In approximately 4 months, Red Robin Gourme has returned 22.51% as of today's recent price of $37.10.

Red Robin Gourme share prices have moved between a 52-week high of $74.11 and a 52-week low of $36.20 and are now trading 2% above that low price at $37.10 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.7%.

Red Robin Gourmet Burgers Inc. owns and operates a chain of specialty restaurants in the United States and Canada.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Red Robin Gourme.

Log in and add Red Robin Gourme (RRGB) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights red robin gourme

Ticker(s): RRGB