Hello Traders and welcome to AAATrade’s Intraday Technical Analysis session.

Today’s instrument is the Daktronic‘s stock traded in Nasdaq exchange under the ticker DAKT. 

Looking at the DAKT‘s chart, we can see that is has been in an uptrend and it was lastly traded at around $6.72.

Today, it is announcing its quarterly earnings and based on the current trend, it seems that the market’s expectations are positive on the results. Today, it could continue to rise to test the level of $7 and if it is not able to pass it, then it should retreat towards to its support level at around $6.50, and if it continues to slide, it could reach the next one at around $6.

Thank you for reading AAATrade’s Intraday Technical Analysis.

From all of us here, we wish you successful and responsible trading. 

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