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.