Zoom Stock Rally Faces Resistance As Q1 Earnings Loom - Breakout Or Fade Ahead?

Zoom Communications Inc. ZM is set to report its first-quarter earnings after the market closes Wednesday, with Wall Street expecting earnings per share of $1.31 and revenue of$1.17 billion.The stock has climbed 17.5% in the past month, is up 1.5% year to date, but still down 29.7% over the past year. As investors await results, the technical setup for the stock suggests the recent rally may still have room to run – though caution is warranted.Read Also: Zoom Likely To Report Lower Q1 Earnings; These Most ...