May 10, 2013 (Market movers via COMTEX) -- One of today's notable stocks on the rise is Red Robin Gourmet Burgers (NASDAQ:RRGB), up 1.8% to $49.01. The S&P is currently trading fractionally lower to 1,626 and the Dow Jones Industrial Average is trading fractionally lower to 15,066.
Red Robin Gourmet Burgers (NASDAQ:RRGB) defies analysts with a current price ($49.01) 4.0% above its average consensus price target of $47.05. Red Robin Gourmet Burgers shares have support at the 50-day moving average (MA) of $45.47 and additional support at the 200-day MA of $36.23.
Red Robin Gourmet Burgers Inc. owns and operates a chain of specialty restaurants in the United States and Canada.
In the past 52 weeks, shares of Red Robin Gourmet Burgers have traded between a low of $21.68 and a high of $49.69 and are now at $49.01, which is 126% above that low price. The 200-day and 50-day moving averages have moved 0.94% higher and 1.08% higher over the past week, respectively.
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Copyright, Comtex News Network, Inc. 2013
