The bullish DailyPlay we chose for Friday April 21th is Darden Restaurants (DRI). DRI is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 2.79% move higher and its 1m and 6m trend has turned bullish on 3/17 and has recently broke above its $87.50 resistance level.
Darden Restaurants’s 1m and 6m trends turned bullish on 3/15 and recently bounced higher off its $82 support level. With a technical score of 9 (out of 10), DRI is a strong bullish stock that looks to continue higher.
As a stop loss, if DRI was to trade below $82 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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