If CPB passes the level of $52, then it could reach its next resistance level of $54

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Today’s instrument is the Campbell Soup Co.‘s stock traded in NYSE exchange under the ticker CPB.

Looking at the CPB‘s chart, we can see that it was lastly traded at around $50.60.

Today, Campbell Soup Co. is announcing its quarterly earnings and if the market’s anticipation is positive, then we should see the price testing tis resistance level at around $52 and if it passes that level, then it could approach the next one at around $54, otherwise we could see the price testing its support level at around $50.