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Bearish Moving Average Cross by Darden Restaurants (DRI)

By Shiri Gupta

Today, shares of Darden Restaurants (NYSE:DRI) have fallen below their 10-day MA of $87.60 on a volume of 627K 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.

In the past 52 weeks, shares of Darden Restaurants have traded between a low of $53.38 and a high of $89.14 and are now at $86.98, which is 63% above that low price. The 200-day and 50-day moving averages have moved 0.29% lower and 0.14% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Darden Restaurants on February 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $76.04. Since that recommendation, shares of Darden Restaurants have risen 16.3%. We continue to monitor DRI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Darden Restaurants

Ticker(s): DRI