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Stock Market & Financial Investment News

News Breaks
August 7, 2014
07:59 EDTBIDSotheby's should report higher than expected Q2 EPS, says Stifel
Stifel expects Sotheby's Q2 EPS to beat the consensus estimate. The firm thinks that the company's auction sales were strong last quarter, while its commission margin was boosted by its increased use of guarantees. The firm keeps a $65 price target and Buy rating on the shares.
News For BID From The Last 14 Days
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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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