Darden Restaurants (DRI) Just Shy Of Resistance On Heavy Trading Volume - Zibb.com

Nov 19, 2009 (Fresh Brewed Media via COMTEX) --

Darden Restaurants (NYSE: DRI) closed yesterday at $32.52. So far the stock has hit a 52-week low of $13.21 and 52-week high of $41.21. Darden Restaurants stock has been showing support around 31.84 and resistance in the 33.00 range. Technical indicators for the stock are Bearish and S&P gives DRI a weak 2 STAR (out of 5) sell rating. DRI appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jan '10 32 covered call (DRI AL) for a net debit in the $30.47 area. That is also the break even stock price for this trade. This covered call has a 58 day duration, provides 6.30% downside protection and a 5.02% assigned return rate for a 31.60% annualized return rate (comparison purposes only). A lower cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the DRI Jan '11 20 Call (ZGI AD) and selling the Jan '10 32 call (DRI AL) for a $10.90 debit. The trade has a 58 day life and would provide 4.98% downside protection and a 10.09% assigned return rate for a 64.00% annualized return rate (for comparison purposes only). Darden Restaurants has a current annual dividend yield of 3.05%.

THA-Seven Summits Research Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

Tags: investment opinion   nyse   research   S&P   trade   yield  

Companies: Darden Restaurants, Inc. (DRI)

Permalink

Darden Restaurants Down 3.4% Since SmarTrend's Sell Recommendation - Zibb.com

Nov 19, 2009 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend, our proprietary pattern recognition system, called a Downtrend for Darden Restaurants (NYSE:DRI) on October 02, 2009 at $33.08.

Since then, Darden Restaurants has returned 3.4% as of today's recent price of $31.96. Want to profit from these alerts?

Read more...

Tags: market   nyse   profit   restaurants   securities   trial  

Companies: Darden Restaurants, Inc. (DRI)

Permalink

Darden Restaurants Inc. (DRI) Corporate Event Announcement Notice - Zibb.com

Nov 13, 2009 (Wall Street Horizon via COMTEX) --

Darden Restaurants Inc. (DRI)

Expected next earnings release:
Announcement date: 12/17/2009 - After Market
Earnings Quarter: Q2
Announcement Status: Verified

Expected next dividend:
Dividend Announcement Date: 9/29/2009
Dividend Record Date: 10/9/2009
Dividend Pay Date: 11/2/2009
Dividend Amount: 0.25

Read more...

Tags: corporate   dividend   earnings   market   restaurants  

Companies: Darden Restaurants, Inc. (DRI)

Permalink

Darden Restaurants Down 3.5% Since SmarTrend's Sell Recommendation - Zibb.com

Nov 12, 2009 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend, our proprietary pattern recognition system, called a Downtrend for Darden Restaurants (NYSE:DRI) on October 02, 2009 at $33.08.

Since then, Darden Restaurants has returned 3.5% as of today's recent price of $31.91. Want to profit from these alerts?

Read more...

Tags: market   nyse   profit   restaurants   securities   trial  

Companies: Darden Restaurants, Inc. (DRI)

Permalink