Expected EPS of $0.75 on revenue of $162.05m

Taking a look at Argan ahead of the company’s earnings. Argan is a holding company that has businesses in the industrial, power, and construction sectors. They construct cutting-edge solutions that facilitate the switch to low- or zero-carbon energy sources, such as waste-to-energy facilities, biomass projects, solar, wind, and efficient gas-fired power plants. Currently, its stock is trading at around $50.79 a share. Looking at the daily chart, we can see the price has been trading within the channel drawn on the chart since September 2022. September 2022 was clearly when the stock bottomed and it has been in an uptrend ever since. Its share price is up 7.6% YTD and it has now found some resistance at $51.94 (near the upper trendline). A break above this level could see a test of the resistance along the upper trendline, $52.59. A close above this trendline may then lead to an extension toward $55 a share (next key resistance point). Short-term support reads $49.23, a break below this level may spark a sell-off toward $47.34. However, with volatility usually lifted during earnings, these levels may not necessarily stand any ground. The indicators are a little mixed right now, the MACD has turned negative but the RSI is still positive as it reads 60.