December 8, 2019: Part II

Two more pattern setups:

Darden Restaurants (DRI) sets up as a short-term swing trade using the System R model, with entry pivot of Friday's high of 119.98, suggested stop pivot of Friday's low of 118.60, trade risk of 1.3%. The 1R target, for those interested, is 121.36. Earnings expected Dec. 19 (confirmed).

Eldorado Resorts (ERI) shows expected earnings growth of 37%/36% for '19/'20. Sales grew 39% and 36% in the two most recent quarters. A 91 RS stock with a B+ acc/dis rating.

The casino operator sets up in a five-month, cup-with-handle pattern with 36% depth and 6% handle depth. It can be taken above the 54.46 handle high. Earnings expected Feb. 5 (unconfirmed).