Buy On Lennox Recommended As Positive Earnings Report Expected

Lennox International Inc. is expected to announce its second quarter financial results before the market open today. Analysts forecast the firm’s earnings per share to come in at $2.35, compared with an EPS of $1.84 in the same quarter a year ago. Revenue is anticipated to register at $1.04 billion, higher than the figure of $992.5 million for Q215. On the H4 chart, the stock is in an uptrend. The stochastic chart shows that the %K line (blue line) has arrived into the overbought territory far ahead the %D line, suggesting that the bullish trend will continue. RSI (14) is at the level of 64.8597, consolidating a solid up move. The next resistance to test is 148.97
Trade suggestion
Buy stop at 148.27, Take profit at 148.97, Stop loss at 148.05

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