The Bull Steams In Ahead of CNI’s Earnings Report
Canadian National Railway Co. (CNI) today is scheduled to report its earnings for the first quarter in 2016. This company’s EPS is expected to inch down a little to $0.68, compared with $0.7 in the same period last year. On the hourly chart, the stock has dived into the overbought territory as indicated by the stochastic. The %K line just reversed and is about to cross the %D line. The price is anticipated to witness a correction and test the support of 64.03.
Sell at 65.47, Stop loss at 65.93, Take profit at 64.03