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Bearish Moving Average Cross by Darden Restaurants (DRI)

By David Diaz

Darden Restaurants (NYSE:DRI) crossed under its 10-day moving average of $62.15 on a volume of 169K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Darden Restaurants has traded in a range of $53.38 to $75.60 and is now at $61.97, 16% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Darden Restaurants and will alert subscribers who have DRI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Darden Restaurants

Ticker(s): DRI