DRI Stock Struggling for The Year
For the YTD, DRI stock has been trending downwards. At the latest earnings call (March 22, 2018) market price dropped drastically because it missed expectations by $0.02 ($1.73 v. $1.75). The missed earnings expectation exacerbated the downward trend that last about a week up to the beginning of April; the trend reversed through out the month, with robust momentum. But, after a anti-discrimination ruling against DRI at the beginning of May, the April upward trend started to reverse and has continued since. At it's present position the price level is hovering on the fifth Fibonacci Level (78.6%, $85.46) and it looks like that just broke so it looks like the price is heading to and may even pass the the YTD low. BUY, BUY, BUY!!!
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