Darden Restaurants Inc (DRI): Price Now Near $144.52; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for DRI

At the moment, DRI (Get Ratings)’s price is up $0.05 (0.03%) from the hour prior. The hourly chart shows that DRI has seen 3 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

DRI’s Technical Outlook on the Daily Chart

Currently, DRI’s price is up $0.38 (0.26%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows DRI’s price action over the past 90 days.

DRI

For DRI News Traders

Investors and traders in DRI may be particularly interested in the following story that came out in the past day:

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