Papa John's technical comments before earnings news
The stock has been in a strong uptrend since hitting lows of the year in February. Ahead of earnings news, there has been a notable drop in upward price momentum in recent months. At the current price of $76.84, the uptrend support line is nearby at the $74 area. If there is a negative surprise in earnings or outlook, the support line could be broken. Additional support levels to watch in that event below $74 are at $71.62, the $70 area, and $68.50. If the news is a positive surprise, a move in price above $80 would put the shares on a more bullish footing within the existing uptrend. Next resistance levels to watch as potential upside objectives would be at $81.94 and $82.55 which is the 52-week high and life high. If the high is taken out, a run to the $85 area may be possible.