DRI-Darden Restaurants to experience a slight correction.
Looking back 3 years on DRI, we can see that the price increase was far more vertical than any other years. However, as the fib demonstrates, it's on a healthy climb but it will have a big correction these next two months, maybe consolidate at best. I believe it will reverse down between $82-$77 before hitting the next ceiling at $95-$105. For those already vested in DRI, hold on!
Comment:
It's happening a lot sooner than I anticipated. I expect it to consolidate at $77 until the earnings call.