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Red Robin Gourmet Burgers, Inc. (RRGB)

Today’s new idea comes from Michael Burke and John Gray at Investors Intelligence. Visit their website if you’d like more information on how to read the point and figure (P&F) relative chart in the recommendation below.

“Small-cap Buy Idea: Red Robin Gourmet Burgers, Inc. (RRGB, $42) is consolidating just beneath its...

Today’s new idea comes from Michael Burke and John Gray at Investors Intelligence. Visit their website if you’d like more information on how to read the point and figure (P&F) relative chart in the recommendation below.

“Small-cap Buy Idea: Red Robin Gourmet Burgers, Inc. (RRGB, $42) is consolidating just beneath its February high, its best level since 2006. The trend is up and the present pause for breath should be seen as an entry opportunity.

“The P&F relative chart is in good shape as it rallies towards the highs from 2009 and 2011. Breaking through that resistance band would open the door to further bullish potential.”

- Michael Burke and John Gray, Investors Intelligence, February 22, 2013