DRI Swing Idea
DRI (
DRI) has been generally trading in-line with the S&P 500 index (
SPX) for the last 6+ months until their recent earnings reaction propelled the stock above the 200 day moving average relative to SPX, indicating the stock is primed to out-perform the index. The DRI price chart has taken over the 200-day moving average, retested, and continued. This observation paired with recent earnings momentum makes for a solid short-term swing trade opportunity.
Consumer Discretionary (
S5COND) has been outperforming the SPX on a relative basis while trading above the 200-day moving average (indication of an up-trend) for the last 5 months.
DRI) has been generally trading in-line with the S&P 500 index (SPX) for the last 6+ months until their recent earnings reaction propelled the stock above the 200 day moving average relative to SPX, indicating the stock is primed to out-perform the index. The DRI price chart has taken over the 200-day moving average, retested, and continued. This observation paired with recent earnings momentum makes for a solid short-term swing trade opportunity.Consumer Discretionary (
S5COND) has been outperforming the SPX on a relative basis while trading above the 200-day moving average (indication of an up-trend) for the last 5 months.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.