Is Darden Restaurants Breaking Out?

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Is Darden Restaurants Breaking Out?

Published on Wednesday, 21 December 2011 20:52 Written by Christian Paolinetti

New York, December 21st (TradersHuddle.com) - Shares of Darden Restaurants, Inc. (NYSE:DRI) closed the trading session at $44.70 just above calculated resistance at $44.10 moving to what appears to be a new range, as this move will clearly raise the attention of momentum buyers.

Darden Restaurants, Inc. (NYSE:DRI) operates casual dining restaurants and a high end steakhouse chain in North America. The Company operates restaurants under Red Lobster, Olive Garden, Bahama Breeze, and The Capital Grille names.

Darden's stock was trading in a well defined range with support at $41.65 and resistance at $44.10, given that this range was broken traders will be closely monitoring the stock

Darden Restaurants Looks Like a Winner - TheStreet.com
Darden Stock Hits New 52-Week High (DRI) - TheStreet.com
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Darden Restaurants Inc (DRI): Today's Featured Leisure Loser - TheStreet.com
Darden Stock To Go Ex-dividend Tomorrow (DRI) - TheStreet.com
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DA Davidson Reiterates Neutral on Darden Restaurants - Benzinga
Sterne Agee Maintains Buy, $52 Target on Darden Restaurants - Benzinga

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