Brinker International (EAT) : Traders are bullish on Brinker International (EAT) as it has outperformed the S&P 500 by a wide margin of 15.22% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.23%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.73% in the last 1 week, and is up 15.07% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.33% and the 50-Day Moving Average is 9.17%.The 200 Day SMA reached 14.4%. Brinker International, Inc. is up 17.25% in the last 3-month period. Year-to-Date the stock performance stands at 13.48%.
Brinker International (NYSE:EAT): After opening at $53.45, the stock dipped to an intraday low of $53.1 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $53.72 and the buying power remained strong till the end. The stock closed at $53.68 for the day, a gain of 0.52% for the day session. The total traded volume was 1,290,313. The stocks close on the previous trading day was $53.4.
Brinker International, Inc. (Brinker) owns, develops, operates and franchises the Chilis Grill & Bar (Chilis) and Maggianos Little Italy (Maggianos) restaurant brands. At September 24, 2014, the Company owned, operated or franchised 1,622 restaurants in the United States and 29 countries and two territories outside of the United States. Chilis operates in the Bar and Grill category of casual dining. The Company has operations around the world, with locations in 32 foreign countries and two United States territories. Maggianos is a full-service, casual dining Italian restaurant brand. Its Maggianos restaurants feature individual and family-style menus, and its restaurants also have banquet facilities designed to host party business or social events.