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Darden Restauran Falls 1.23% on Heavy Volume: Watch For Potential Rebound

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, Darden Restauran share prices have been bracketed by a low of $59.50 and a high of $95.22 and are now at $80.98, 36% above that low price. The 200-day and 50-day moving averages have moved 0.29% lower and 0.14% higher over the past week, respectively.

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