Darden Restaurants: Expected To Test Its Resistance Level At Around $127

Today’s instrument is the Darden Restaurants stock traded on the NYSE exchange under the ticker DRI. 

Looking at the DRI’s chart, we can see that although it is in a downward trend, recently it bounced back to the current price of around $122.55 which was assisted by the better-than-expected quarterly earnings announced on June 23.

Today, we could expect it to test its resistance level at around $127 and if not able to break it through, then to fall towards its support level which is located at around $114-115.