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DARDEN RESTAURANTS INC COM STK NPVDARDEN RESTAURANTS INC COM STK NPVDARDEN RESTAURANTS INC COM STK NPV

DARDEN RESTAURANTS INC COM STK NPV

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0I77 trade ideas

DRI Stock Struggling for The YearFor 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!!!
NYSE:DRILong
by godfrey1123
Darden Restaurants Targeting 104.23While I don't often look into the stocks market, this company is providing some good opportunity to the upside. This idea is presenting simply based on the technical perspective, so make sure you look into the fundamental aspects of the company if you are considering a longer term investment. Since September last year, price has rallied towards the recent high at 99.96 in 3 waves, with the 3rd wave being a strong impulse move. And from then, price has been in a consolidation phase ranging between the high to the recent low at 90.19. We are currently seeing price developing into a 3-wave corrective structure - WXY, potentially completing between 87.85 to 89.62 area. As long as price remains above 85.38, I'll be maintaining a bullish view on DRI with a potential target at 104.23. Disclaimer - this is not a trade call or an investment idea. Make sure you have a proper trading and risk management plan before taking any trades in the market.
NYSE:DRILong
by KarYong
1
Stay home and cook: Manieri bearish on restaurant stockDarden Restaurants have satisfied the masses with many brands such as Red Lobster and the Olive Garden. Right now, this stock is hot off the heels of a completed Gartley pattern that just hit target twos. We see a bearish trend starting to form, and a subsequent opportunity to get involved on a continuation play. We start to see price action starting to make rather textbook lower lows and outside returns. The risk reward profile at market actually allows us to become involved next bar market, with about a 1;1. We will take profit not with the expectation that price will print lower lows, but rather, price will retest the most recent lowest close. Eat up. Benny Manieri
NYSE:DRIShort
by BennyManieri