In our last review of Darden Restaurants ( DRI) on March 7, we recommended that "DRI is breaking below a large top formation and a significant downside risk is looming. Consider some takeout but I would not purchase the stock."
The parent of popular venues like the Olive Garden reported an EPS and revenue beat and raised its dividend, but it has not improved my appetite for risk. 
Let's look at the charts.
In this daily bar chart of DRI, below, we can see that prices have remained on the defensive the past few months. DRI is trading below the declining 50-day moving average line and below the bearish 200-day line.
The On-Balance-Volume (OBV) line has been weakening the past two months. The Moving Average Convergence Divergence (MACD) oscillator is bearish.
In this weekly Japanese candlestick chart of DRI, below, we can see that prices are still weakening from a large top pattern. The 40-week moving average line is still pointed down. The OBV line is weak and the MACD oscillator is bearish. Not to mention no bottom reversal patterns or large lower shadows.
In this daily Point and Figure chart of DRI, below, we can see a downside price target of $102.
In this weekly Point and Figure chart of DRI, below, we can see a potential price target in the $84 area.
Bottom line strategy: DRI beat expectations for last quarter but the charts suggest that is not going to happen in the coming quarter. Check please! Continue to avoid the long side.
