Eat Breaks Out

Posted by Blain Reinkensmeyer
February 1, 2007 at 8:52 pm

Shares of Brinker International (EAT) had a nice day today, closing at $32.17 and new 52 week highs. What I like about this break was the higher than average volume, but what would have been even better to see is higher volume than what we ended up having. For this breakout to be confirmed, we will need to see a strong follow through day for EAT tomorrow on good volume. For those who do not know what Brinker is, they own operate and franchise over 1,000 CHili’s, Macaroni Grill, Maggiano’s and on the Border restaurants.

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