Darden's most recent trend suggests a bullish bias. One trading opportunity on Darden is a Bull Put Spread using a strike $70.00 short put and a strike $60.00 long put offers a potential 12.99% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $1.15 would be kept by the premium seller. The risk of $8.85 would be incurred if the stock dropped below the $60.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Darden is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Darden is bullish.
The RSI indicator is at 56.24 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Darden
Why Darden Restaurants (DRI) is Poised to Beat Earnings Estimates Again
Mon, 01 Jun 2020 16:10:04 +0000
Darden Restaurants (DRI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
The 3 Most Dangerous Sectors for Dividend Investors
Thu, 28 May 2020 10:30:00 +0000
Energy, consumer discretionary, and industrial stocks accounted for 60% of cuts and suspensions among Russell 1000 companies, according to Goldman Sachs.
Hedge Funds Have Never Been This Bullish On Darden Restaurants, Inc. (DRI)
Wed, 27 May 2020 19:03:16 +0000
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
A Way Too Early Preview of the Next Terrible Earnings Season
Tue, 26 May 2020 15:21:00 +0000
Second-quarter numbers won’t be great, but that doesn’t mean stocks are doomed. For investors, it’s all about the rate of change and the outlook for the rest of 2020.
Darden Restaurants’ Stock Inches Higher Amid Reopening, Analyst Boost
Wed, 20 May 2020 20:02:00 +0000
LongHorn Steakhouse and Olive Garden parent Darden Restaurants (NYSE: DRI) is trading slightly higher following its restaurant reopening news yesterday. The restaurant company also attracted a price target upgrade from an analyst at financial services firm Cowen Group today, also possibly helping nudge its stock upward.
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