Darden (DRI) Offering Possible 8.11% Return Over the Next 20 Calendar Days

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 8.11% return on risk over the next 20 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 $0.75 would be kept by the premium seller. The risk of $9.25 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 62.24 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

Will Darden Restaurants (DRI) Gain on Rising Earnings Estimates?
Thu, 23 Jul 2020 16:20:04 +0000
Darden Restaurants (DRI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Hope for a Vaccine and Strong Earnings Is Sending Stocks Higher
Mon, 13 Jul 2020 16:03:00 +0000
Markets are on the rise to start the week as investors hope that corporate profits will provide some much-needed good news. The Nasdaq Composite had gained 1.8%. “Despite the negative coronavirus headlines, investors seem to remain focused on the next round of stimulus from Washington and a potential vaccine for coronavirus,” wrote Piper Sandler’s Technical Market Strategist Craig Johnson.

Darden Gets Upgrade as J.P. Morgan Applauds Big Changes Amid Covid-19
Mon, 13 Jul 2020 14:34:00 +0000
(DRI) stock has been hit hard by the pandemic, as the Olive Garden owner has had to close many of its locations to dine-in customers as part of local lockdown protocols. J.P. Morgan, however, argues that the market is too pessimistic about the shares’ prospects. Analyst John Ivankoe upgraded Darden to Overweight from Neutral and added $8 to his price target on the stock, to $82.

Darden Up on JPMorgan Upgrade, Strong Cash Position
Mon, 13 Jul 2020 12:28:47 +0000

Charlotte's Web Appoints Jean Birch to its Board of Directors
Mon, 13 Jul 2020 11:03:00 +0000
Charlotte's Web Appoints Jean Birch to its Board of Directors

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