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After Yesterday's Rally of 3.24% Shares Could Potentially Pullback

By Shiri Gupta

Darden Restauran (NYSE:DRI) traded in a range yesterday that spanned from a low of $113.33 to a high of $114.56. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $113.78 on volume of 175,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Darden Restauran share prices have been bracketed by a low of $95.83 and a high of $128.41 and are now at $113.50, 18% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.5%.

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.

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Ticker(s): DRI