Agilent Technologies Could Move Higher
| Nov 22, 2021 05:08AM ET
If we look at the Agilent Technologies (NYSE:A) weekly chart, we can see after the drop to the $158 at the start of the week. It managed to bounce right back up at the previous levels at around $162, where it held firmly as support during the week, and on Nov. 19, it moved higher into the $165 range, now set at its resistance.
Its last traded price was $164.17, right below the resistance, and the stock can find support at $162. The company had scheduled a third-quarter earnings announcement on Nov. 22.
If earning expectations are surpassed, we could expect the price to move upwards, towards the $170 price range. Today we could expect a move upwards near the resistance of $165, possibly further towards $168.
If it doesn’t manage to hold above the current price range, then a case can be made for moving towards the support of $162.
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