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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 $91.28 on a volume of 670K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Darden Restaurants share prices have been bracketed by a low of $53.38 and a high of $93.02 and are now at $90.72, 70% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.3%.

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 20.9%. 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