DRI Rides Bullish EMAs Higher to $188.37
BullishDarden Restaurants Inc (DRI) closed down 0.82% at $188.37 on December 27.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($187.62) with a bullish stack. The 21-day EMA at $184.25 provides support.
Momentum
RSI at 61.4 is in neutral territory but trending lower. MACD is bullish (2.99 vs signal 2.24).
Volatility
Bollinger Band width at 12.6% indicates normal volatility.
Key levels to watch: Support at $171.46, Resistance at $194.54.