DARDEN RESTAURANTS DAILY ANALYSISHi friends
the daily graph of this market shows with a high probability that it will experience a bearish trend with the vigilance of the change in the opposite direction
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0I77 trade ideas
DRI - Buy the Pullbacks Buy the FearDRI BUY THE FEAR BUY THE PULLBACKS
ENTRY 65-71
1st Target = 618 @89
2nd Target = 106
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
DARDENS RESTAURANTS BUYCORONA MEDIA PUSH SLOWS DOWN, RESTRICTIONS DISCONTINUE, RESTAURANTS OPEN AGAIN. UNTIL THE "SECOND WAVE" IN WINTER TIME I HOLD THIS STOCK! WE'LL SEE...
Darden Ready to Double AgainMeant to buy this at 30, but got sidetracked and I'm an idiot...
But, earnings beat, and with economy about to open up, this looks poised to breakout towards the 90's. This may be my trade recommendation of the week. We'll see.
Darden Long Term Value Play$DRI weekly.
Biggest volume in history this week.
People will still go out to eat, and you can get this stock at NEAR 2009 LEVELS!
I'm a buyer here. Sorry not sorry.
Rats and out of date meatballs DRI restaurants downturnMassive weekly distribution happening right now on this asset, it trades very beautifully respecting levels and forming orderly trends. Probably hard to find shares to short but there's time...
DRI - Let's Go Out For A BiteDRI had a gap up on an earnings announcement back on March 21st. The top of this gap became support while the stock price continued to rise. This rise in price created a bearish divergence with the RSI indicator.
The earnings release in September led to a gap down. The price actually consolidated just below the March gap. Friday's trading has the price testing the resistance level of the March gap zone with the stock finding strength.
DRI is finding relative strength within the Restaurant industry but still needs some more time to see if it is gaining strength on the SPX. If the price continues to rise I would expect a re-test of the bottom of the gap down zone around $122.
DRI - Weekly Mean Reversion - Bull Put Credit SpreadHigh Vol & High ROE Stock.
W RSI <5
Looking for Reversal to Mean higher.
Taking 110/105 Bull Put Spread.
with 115 Calls for directional bias Higher.
Nov Exp but aiming to Close in profit well before that...
Good Luck - Watch your $$$ RISK
...Any questions just DM me...
DRI: Bull into EarningsLooks super bullish with no flaws. They'd have to report really bad numbers to bring this gem down. RSI, MACD, BB, MA, PSAR, all check out. Price target: $140+
Darden Bullish Pre earnings===Entry level $128 - Target price $138====
Darden Restaurants, Inc. is a full-service restaurant company, which engages in the provision of restaurant services. It operates through the following segments: Olive Garden, LongHorn Steakhouse, Fine Dining, and Other Business. The Olive Garden segment is the largest full-service dining Italian restaurant operator. The LongHorn Steakhouse segment includes the results of the company-owned LongHorn Steakhouse restaurants. The Fine Dining segment comprises of the premium brands that operate within the fine-dining sub-segment of full-service dining and includes the results of its company-owned The Capital Grille and Eddie V's restaurants. The Other Business segment aggregates the remaining brands and includes the results of its company-owned Cheddar's Scratch Kitchen, Yard House, Seasons 52 and Bahama Breeze restaurants; and from franchises and consumer-packaged goods sales. The company was founded by William B. Darden in 1938 and is headquartered in Orlando, FL.
Darden to make modest gains pre-earningsDarden Restaurants (DRI) is on the lower side of its upward-sloping diamond pattern and thus likely to make some modest gains leading up to earnings on June 20. Working as an upside catalyst is Darden's 1.6% earnings surprise prediction from Zacks. 1.6% isn't a huge ESP, but the market reacts well to any positive ESP number. You may want to sell off your position ahead of earnings, however, because Darden is near all-time highs and the market will heavily punish it if earnings disappoint.
As always, this is just an idea about how the market will move, not investment advice.
Long $DRI on base breakout!Order set to go long in $DRI at 122.50 if the name breaks out of the long base; 3 contractions getting tighter through the base.
