Blackhawk technical comments ahead of earnings
The shares have been trading in a range largely bound by $30 at the low and $35 at the high since March of this year. Ahead of earnings the stock is in the middle of this range. If the new is bearish, a test down to the low of the range may be possible. If there is a breakdown below $30 on major negative news, the next support level of significance is at $28.88 which is the 52-week low. A breakdown below that low would see next support at $27.32. If the news is a major positive surprise, the upper bound of the range at $35 could be tested. If the news were exceptionally strong there could be a breakout. Next resistance above the $35 level to watch as a potential upside objective would be at $37.07. A move above that latter level would clear resistance and resolve the current range bullishly; a technical positive for future price.