Bullish Moving Average Cross by Darden Restaurants (DRI)
Darden Restaurants (NYSE:DRI) crossed over its 10-day moving average of $67.58 on a volume of 341K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
Darden Restaurants share prices have moved between a 52-week high of $75.60 and a 52-week low of $53.38 and are now trading 28% above that low price at $68.07 per share. 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 is monitoring the recent change of momentum in Darden Restaurants. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Darden Restaurants in search of a potential trend change.
Keywords: moving crosses Darden Restaurants