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Shares of Darden Restauran Has Risen Above Previous 52-Week High

By David Diaz

Darden Restauran (NYSE:DRI) traded at a new 52-week high today of $111.80. This new high was reached on below average trading volume as 112,000 shares traded hands, while the average 30-day volume is approximately 2 million shares.

Darden Restaurants, Inc. owns and operates full service restaurants. The Company operates a variety of seafood and Italian restaurants under a multitude of brand names. Darden Restaurants owns restaurants through North America.

Darden Restauran share prices have moved between a 52-week high of $111.80 and a 52-week low of $76.27 and are now trading 46% above that low price at $111.57 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 0.6%.

Based on a current price of $111.57, Darden Restauran is currently 9.4% above its average consensus analyst price target of $101.10. The stock should discover initial support at its 50-day moving average (MA) of $95.67 and subsequent support at its 200-day MA of $90.77.

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

Keywords: 52 week high/lows darden restauran

Ticker(s): DRI