Bearish MACD for Red Robin

Red Robin Gourmet Burgers, Inc ’s (RRGB) MACD indicator has moved into bearish territory with a reading of -0.0616. The Zacks #4 Rank (“Sell”) stock decreased slightly to $18.83 in afternoon trade. The Zacks Consensus Estimate on the company’s earnings for the year ending 2010 has decreased by 12 cents over the past two months to 94 cents per share.

RED ROBIN GOURM (RRGB): Free Stock Analysis Report

About Zacks Investment Research 1767 Articles

Zacks Investment Research is one of the most highly regarded firms in the investment industry. In 1978 Zacks originated the concept of utilizing earnings estimates revisions to make profitable investment decisions. Zacks offers multiple investment products and services to help investors achieve superior returns.

Visit: Zacks.com

Be the first to comment

Leave a Reply

Your email address will not be published.


*