For today's chart we've chosen to take a look at Darden Restaurants Inc.
) because it is trading within a rising wedge
formation. As you can see from the chart below, the price has been trading within a narrowing range for the past three months and many traders are starting to wonder if the pattern is a sign of an upcoming reversal
. Technical traders will wait for the price to break below the lower trendline and use it to signal a shift in the recent bull rally. We expect that most of the bears will wait until the price closes below the nearby support ($35) before entering a position.