Darden Restaurants: Might Rise Towards Its Resistance Level At Approximately $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 yesterday it fell from the price of around $131.30 to the current price of around $128.50.

Yesterday it announced its quarterly earnings with EPS to be in line with the expectation but with the revenue being shorter than expected. Today, we might expect it to rise towards its resistance level at around $127 and then to fall towards its support level at around $123-124.

(Click on image to enlarge)

Darden Restaurants


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Disclaimer: Trading is risky. Information presented herein is not to be construed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any trading ...

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