Acuity Brands - the lighting and building management firm is due to report earnings tomorrow. It is expected to report an EPS of $3.72 on revenue of $1.02bn.

Taking a look at acuity brands as the company is expected to report earnings tomorrow. The company is expected to report an EPS of $3.72 on revenue of $1.02bn. Currently, its stock price sits around $168.11 a share. If we look at the stock from a technical aspect, we can see its price is trading within the channel drawn on the chart. The first support base sits between $154.19- $156.92, a break below this price range could see the price move lower towards $149.41 (lower trendline of the channel). However, at this moment in time, the price is trading near the upper trendline of the channel. Resistance right now sits at $168.86 then at $170.11 and then at $171.10. A break above $171.10 could see the price edge higher testing the key resistance level resting at $174.45 (upper trendline). If take a look at the technical indicators, they remain fairly positive as MACD is mildly positive and the RSI reads 58.