Market Overview

Del Taco Restaurants Rallies Off Q3 Beat

Del Taco's Stock Tests Major Support After Q4 Report
Stocks To Watch For March 13, 2017
Del Taco Looks Tasty (GuruFocus)

Del Taco Restaurants Inc (NASDAQ: TACO) shares are trading higher by $1.30 (8.5 percent) at $13.93 in Tuesday's session. The Street is applauding its Q3 beat of a penny along with nearly $3 million more in sales.

The issue, which has grinded higher since June when it bottomed just above its 2016 low ($8.37) at $8.43, climbed into the $14 handle today, reaching $14.25 before falling back to the $14 area.

That high comes in between its October 19, 2015 high ($14.01) and its October 20, 2015 high ($14.56). It hasn't closed at $14 or higher since September 30, 2015, when it ended the session at $14.00.

Today's price action is taking place on much heavier than average volume. With over four hours remaining in the session, 2.4 million shares have traded compared with its 20-day average of 425,000.

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