Texas Roadhouse (TXRH) NewsBite - Trading With Unusual Volume
Posted: Tuesday, February 24, 2009 2:58 PM EDT
By: Market Intelligence Center Staff
Texas Roadhouse (TXRH) appears to be trading at a higher than usual volume today and is now at $7.92, down $0.53 (-6.27%) on volume of 2,094,294 shares traded. For the last 30 days TXRH has traded 876,440 shares on average each day. So far today's volume is 138.95% above that average volume. Over the last 52 weeks the stock has ranged from a low of $4.09 to a high of $12.10. Texas Roadhouse stock has been showing support around $7.89 and resistance in the $8.87 range. Technical indicators for the stock are bearish and S&P gives TXRH a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on TXRH the stock seems like it could be a candidate for a June out-of-the-money bear-call credit spread above the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]
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