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.
-637995215258394980.png)
Trading is risky. Information presented herein is not to be construed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any trading strategy. We also offer CFD products. 72.13% of retail CFD accounts lose money. CFDs trading is risky and your entire capital might be at risk. Information presented herein is not to be construed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any trading strategy.
Recommended content
Editors’ Picks
GBP/USD battles 1.2300 ahead of BoE interest rate decision
GBP/USD is battling 1.2300, refreshing a five-month low.in European trading on Thursday. The pair is weighed by the Fed's hawkish stance and increased odds of a BoE rate hike pause, following a surprise fall in UK inflation and SNB's unexpected rates-on-hold decision.
EUR/USD keeps losses near 1.0650 amid US Dollar strength
EUR/USD is consolidating losses near 1.0650 in the European trading hours on Thursday. The Fed, as expected, kept rates unchanged but indicated that one more rate hike before the year-end could be appropriate. US yields sit at multi-year highs, underpinning the US Dollar.
Gold tests key support near $1,925, focus on US data
Gold price is holding lower ground near $1,925 in the European session on Thursday. Investors seem to shift their focus on upcoming US data after the US Federal Reserve's hawkish hold on Wednesday triggered a fresh US Dollar rally.
XRP price tests the $0.51 support zone while CEO Brad Garlinghouse critiques the SEC and Chair Gensler
XRP price outlook is bullish as the asset tests the supply zone at $0.5174. Pro-XRP attorney John Deaton shared his views on the likelihood of a settlement by the SEC in its lawsuit against Ripple.
BoE Interest Rate Decision: Cooling UK inflation raises doubts over another hike
The UK central bank is on track for another 25 bps hike on Thursday, lifting interest rate to 5.50%. The Bank of England could signal the end of its tightening cycle. Pound Sterling set to rock after surprise fall in UK inflation raises odds of a BoE rate hike pause.