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Del Frisco's Restaurant Group(DFRG - Get Report) develops, owns and operates three contemporary, high-end, complementary restaurants. This stock closed up 9.4% at $16.41 on Tuesday.
Tuesday's Volume: 419,699
Average Volume: 145,727
Volume % Change: 188%
>>5 Stocks Under $10 Set to Soar
From a technical perspective, DFRG bounced strongly here right off some near-term support at $14.50 to $15 with above-average volume. This bounce is quickly pushing DFRG within range of triggering a near-term breakout trade. That trade will hit once DFRG manages to take out its 52-week high of $16.74 with high volume.
Traders should now look for long-biased trades in DFRG as long as it's trending above Tuesday's low of $15.19, and then once it sustains a move or close above $16.74 with volume that hits near or above 145,727 shares. If that breakout triggers soon, then look for DFRG to tag $20 or higher in the near future.