Texas Roadhouse (TXRH) NewsBite - TXRH Hits 52-Week High

Posted: Tuesday, June 02, 2009 2:05 PM EDT

Texas Roadhouse (NasdaqNM: TXRH) hit a new 52-Week high of $12.35 so far today. Currently the stock is up $0.21 (1.73%) to $12.35 on 231,068 shares traded. Today's high is up $8.26 from a 52-Week Low of $4.09. Texas Roadhouse stock has been showing support around $11.47 and resistance in the $12.67 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 September out-of-the-money bull-put credit spread below the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]

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