• Return to Headlines

Watch for Darden Restauran to Potentially Pullback After Gaining 1.08% Yesterday

By Shiri Gupta

Darden Restauran (NYSE:DRI) traded in a range yesterday that spanned from a low of $109.94 to a high of $111.23. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $111.07 on volume of 448,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Darden Restauran share prices have moved between a 52-week high of $124.00 and a 52-week low of $82.38 and are now trading 35% above that low price at $111.23 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.4%.

SmarTrend recommended that subscribers consider buying shares of Darden Restauran on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $104.86. Since that recommendation, shares of Darden Restauran have risen 4.9%. We continue to monitor DRI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders darden restauran

Ticker(s): DRI