Daily Stock Setups

O'Charley's (CHUX) Bearish Technical Alert - Trend Down 7.3%

Posted on: Sat, 29 Aug 2009 11:33:00 EDT

Symbols: CHUX

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Aug 29, 2009 (SmarTrend(R) Spotlight via COMTEX) --
CHUX | Quote | Chart | News | PowerRating -- O'Charley's (NASDAQ:CHUX) closed 2.4% lower (down $0.19 to $7.63) Friday on volume of 112,729 shares. The stock has traded within a 52-week range of $1.19 and $11.41.

O'Charley's is currently below its 50-day moving average of $8.86 and should find support at its 200-day moving average of $5.34.

SmarTrend is bearish on shares of CHUX and our subscribers received a Downtrend alert on August 14, 2009 at $8.23, which has returned 7.3% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on O'charley's Inc (CHUX) CHUX. O'charley's Inc (CHUX) has Short Term PowerRatings at TradingMarkets. Details on O'charley's Inc (CHUX) Short Term PowerRatings is available at This Link.

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