Will DUK drop towards $92, or rise towards $100-105?

AAATrade Team AAATrade

Today’s instrument is the Duke Energy Corp.‘s stock traded in NYSE exchange under the ticker DUK.

Looking at the DUK‘s chart, we can see that it was lastly traded at $98.90.

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 $100. Additionally, if it is able to pass it, then it could approach the next one at around $105.

On the other hand, it should drop to test its support level at around $96 and if it fails to stay afloat, then it could further drop towards the next one at around $92.

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.

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