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Darden Restaurants Crosses Above its 10-day MA (DRI)

By Nick Russo

Darden Restaurants (NYSE:DRI) shares have crossed bullishly above their 10-day moving average of $61.98 on a volume of 466K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher 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 $75.60 and are now at $62.45, 17% above that low price. 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 recommended that its subscribers protect gains by selling shares of Darden Restaurants on June 30th, 2016 by issuing a Downtrend alert when the shares were trading at $63.40. Since that call, shares of Darden Restaurants have fallen 3.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Darden Restaurants

Ticker(s): DRI