Could Darden Restaurants (DRI Stock) fall towards the 123 level?
|Today’s instrument is the Darden Restaurants stock traded on the NYSE exchange under the ticker DRI.
Looking at the DRI’s chart, we can see that yesterday it fell from the price of around $131.30 to the current price of around $128.50.
Yesterday it announced its quarterly earnings with EPS to be in line with the expectation but with the revenue being shorter than expected. Today, we might expect it to rise towards its resistance level at around $127 and then to fall towards its support level at around $123-124.
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