Red Robin Gourmet Burgers

Nearest Resistance: $77.50
Nearest Support: $62.50
Catalyst: Analyst Upgrade

>>5 Stocks Under $10 Set to Soar

Red Robin Gourmet Burgers (RRGB) is getting a key reprieve from selling this week, pushed higher after Raymond James upgraded the firm to a strong buy rating, with an $80 price target. That was enough of a spark to blast shares out of the downtrend that had been shoving the stock lower since November.

That breakout above the top of the channel is a buy signal -- just keep a tight stop in the small-cap restaurant chain. Things could stay volatile this week.

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