7 Hot Stocks on Traders' Radars

Brinker International

Nearest Resistance: N/A

Nearest Support: $29

Catalyst: Positive Earnings

Last up on our list of most-searched stocks today is restaurant operator Brinker International (EAT), yet another stock that's getting attention after posting earnings. Brinker earned 60 cents per share for its fiscal third quarter, besting analyst estimates of 56 cents, and posting double-digit growth over last year's bottom-line results.

Now shares are moving higher for a second straight day.

The news in Brinker is spurring shares to a new 52-week high in today's session, a move that has bullish implications for the restaurant stock. For late-to-the-game traders, though, it makes sense to sit on the sidelines and let Brinker work out its supply and demand levels at these new highs. The breakout above $29 yesterday was a buy signal, but with shares already up close to double-digits, I'd recommend waiting for shares to catch some support before putting money into this name.

To see these stocks in action, check out the at Most-Searched Stocks portfolio on Stockpickr.

-- Written by Jonas Elmerraji in Baltimore.

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>>5 Stocks Insiders Love Right Now

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At the time of publication, author had no positions in stocks mentioned.

Jonas Elmerraji is the editor and portfolio manager of the Rhino Stock Report, a free investment advisory that returned 15% in 2008. He is a contributor to numerous financial outlets, including Forbes and Investopedia, and has been featured in Investor's Business Daily, in Consumer's Digest and on MSNBC.com.

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