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After Yesterday's Decline of 1.23%, Darden Restauran Offers Investors Better Value

By Amy Schwartz

Darden Restauran (NYSE:DRI) traded in a range yesterday that spanned from a low of $80.57 to a high of $81.86. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $81.67 on volume of 681,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Darden Restauran have traded between a low of $59.50 and a high of $95.22 and are now at $80.98, which is 36% 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 its subscribers protect gains by selling shares of Darden Restauran on July 25th, 2017 by issuing a Downtrend alert when the shares were trading at $86.87. Since that call, shares of Darden Restauran have fallen 5.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders darden restauran

Ticker(s): DRI