Ruth's Hospitality: The Trend Continues Up (RUTH)
SmarTrend identified an Uptrend for Ruth's Hospitality (NASDAQ: RUTH) on January 08, 2010 at $2.69. In approximately 1 month, Ruth's Hospitality has returned 48.3% as of today's recent price of $3.99.
Ruth's Hospitality is currently above its 50-day moving average of $2.71 and above its 200-day moving average of $3.37. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Ruth's Hospitality shares.
Write to Chip Brian at cbrian@tradethetrend.com
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