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Today’s instrument is Lamb Weston Holdings Inc., a global producer, distributor, and marketer of value-added frozen potato products, whose stock is traded in the NYSE exchange under the ticker LW. 

Looking at the LW‘s chart, we can see that it was lastly traded at around $87.25, which is very close to its 52W high at $90.60.

Lamb Weston Holdings Inc. has scheduled its quarterly earnings announcement for this week, and if the earnings expectations are surpassed, we could expect the price to move upwards, towards the level of $90-90.60. On the other hand, it could significantly correct itself towards the level of $80-82.

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