Could Darden Restaurants (DRI Stock) bounce to the 127 level?
|Today’s instrument is the Darden Restaurants stock traded in NYSE exchange under the ticker DRI.
Looking at the DRI’s chart, we can see that although it is in a downward trend, recently it bounced back at the current price of around $122.55 which was assisted by the better-than-expected quarterly earnings announced on the 23 rd of June.
Today, we could expect it to test its resistance level at around $127 and if not able to break it through, then to fall towards its support level which is located at around $114-115.
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