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Stock Market & Financial Investment News

News Breaks
October 2, 2013
10:13 EDTBIDThird Point reports 9.3% stake in Sotheby's, sends letter to CEO
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May 11, 2015
07:12 EDTBIDSotheby's reports Q1 adjusted EPS 11c, consensus 0c
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May 8, 2015
13:34 EDTBIDSotheby's technical comments ahead of earnings
The shares made a strong advance off the October lows of last year, with a continuation of that trend into February of this year. Since then price has been more range-bound with a low of $40 and a high of $45. Breaks of either end of this range may therefore give some sense of where the stock could go post-earnings. If the news is bullish and there is a breakout above $45 it would resolve the range bullishly and reconnect to the prior uptrend. Additional resistance levels to watch as potential upside objectives would be at $46.65, $48.57, and the $50 area. If the news is bearish, we could expect to see a drift down to the range low at $40. It might take extreme negative news to break support at that level, in which case the following supports could become downside objectives: $38.21, and $37.08.

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