Sanofi Could Move Towards Resistance


When we look at the Sanofi (NASDAQ:) chart, we can see that it’s been trading in a channel for the past week with support formed at $51.40 and resistance at $52.90. It was last found trading at $52.46 between support and resistance levels.

Sanofi has scheduled a announcement today. If earning expectations are surpassed, we could expect the price to move upwards, towards the $55 price range.

Today we can expect a move towards the $52.90 resistance, possibly further into the $54 price range, anticipating positive news. If, however, it doesn’t manage to hold on to the current level, then a move below the closest support of $52 and into the $51 range.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Source link

Comments are closed, but trackbacks and pingbacks are open.