BTI: Split chances between reaching the resistance level of $35, or falling to a new 52W low

Today’s instrument is British American Tobacco ADR stock traded in NYSE under the ticker BTI.
Looking at the BTI’s chart, we can see that it is in a downtrend, and it was lastly traded at around $33.70.
Today, it is announcing its quarterly earnings and if the market’s anticipation is positive, then we should see it rising towards its resistance level at around $35, otherwise it could reach a new 52W low.
Author

AAATrade Team
AAATrade
The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.


















