When we looked at the charts of DRI on Sept. 22 ahead of earnings, we wrote that "I find it a challenge to arrive at a clear strategy when the price action is pointed up (higher targets from the Point and Figure charts), but the On-Balance-Volume line has rolled over... with the indicators mixed I would take a neutral stand for now."
Let's check out DRI again.
In this daily Japanese candlestick chart of DRI, below, we can see some recent upper shadows above $105. Trading volume has declined recently and the On-Balance-Volume (OBV) line has turned a little lower suggesting a shift toward more aggressive selling.
The Moving Average Convergence Divergence (MACD) oscillator is close to a bearish crossover.