Lamb Weston Holdings Stock To Test Resistance
| Apr 06, 2022 05:45AM ET
When we look at the Lamb Weston Holdings (NYSE:LW) chart, we see the spike up from the opening of the 31st of March session, moving from $57.5 to the high of $61, and its return in the $59 range.
Since then, it managed to slowly climb from the $59 to the $60.50 range with strong consolidation along the way, also reaching as high as $61.50, which now acts as the closest temporary overhead resistance. It was last found trading at the $60.30 range, having the closest temporary support levels at $59 and $57.50.
Lamb Weston Holdings has scheduled a quarterly earnings announcement today. If earnings expectations are surpassed, we could expect the price to move upwards, towards $66. Today we can expect a move towards an above $61.50 closest resistance level, possibly in the $64 range.
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