Darden Restaurants Stock To Move Higher?

When we look at the Darden Restaurants (NYSE:) chart, we see its slow climb from the $125 range to $131, reaching as high as $138 even temporarily, and the retraction and consolidation at the $133 where it held strong for the past few days.

It was last found trading at $130.14, having the closest support level at $128 and overhead resistance levels at $135 and $138, respectively. has scheduled a quarterly earnings announcement today. If earnings expectations are surpassed, we could expect the price to move upwards, towards $140.

Today we can expect a move towards and above the $135 level, breaking the week’s long resistance with the aid of favorable news. If, however, it doesn’t manage to hold on to the current level, then a move below the $128 support level can be expected.

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