Cheesecake Factory drops sharply, levels to watch The stock is down over 5.6% at time of writing, breaking below support at the 10-day moving average. The shares are likely reacting to the warning form Darden earlier today. That warning has lead to two downgrades so far today for Darden. For Cheesecake Factory, next support is at $31.08, based on the current price of $32.21. Resistance is at $32.66.
Opco reiterates Darden as a top idea after CEO news Oppenheimer reiterates Darden as a top idea after the company removed the temporary status of CEO Gene Lee. Opco views the development as an incremental positive and reiterates an Outperform rating on the name.