Darden Restaurants $DRI Technical Update
The Darden Restaurants (NYSE: DRI) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for DRI, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Review the Trading Plans:
Long Term Trading Plans for DRI
September 4, 2018, 6:30 am ET
The Technical Summary and Trading Plans for DRI help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this DRI Report.
DRI – (Long) Support Plan
Buy over 106.54 target 122.15 stop loss @ 106.28.
The technical summary data tells us to buy DRI near 106.54 with an upside target of 122.15. This data also tells us to set a stop loss @ 106.28 to protect against excessive loss in case the stock begins to move against the trade. 106.54 is the first level of support below 116.04 , and by rule, any test of support is a buy signal. In this case, support 106.54 is being tested, a buy signal would exist.
DRI – (Short) Resistance Plan
Short under 122.15 target 106.54 stop loss @ 122.41
The technical summary data is suggesting a short of DRI as it gets near 122.15 with a downside target of 106.54. We should have a stop loss in place at 122.41 though. 122.15 is the first level of resistance above 116.04, and by rule, any test of resistance is a short signal. In this case, if resistance 122.15 is being tested, a short signal would exist.
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