Could Campbell Soup (CPB Stock) fall towards the 50.50 level?

AAATrade Team AAATrade

Today’s instrument is the Campbell Soup Co.‘s stock traded in NYSE exchange under the ticker CPB.

Looking at the CPB‘s chart, we can see that it was lastly traded at around $52.15.

Today, Campbell Soup Co. is announcing its quarterly earnings, and if the market’s anticipation is positive, then we should see the price testing its resistance level at around $54, otherwise, we could see the price falling towards its support level at around $50.50.

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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.

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