AppLovin Stock Price Levels to Watch After Post-Earnings 46% Surge
Key Takeaways
- AppLovin shares soared Thursday after the software company’s results and outlook topped Wall Street expectations.
- The stock staged a breakaway gap Thursday on the highest trading volume since August, signaling strong buying conviction from larger market participants.
- Bars Pattern analysis indicates that AppLovin shares may trend higher to around $360 in a move that may play out until late March next year.
- Investors should watch key support levels on the stock’s chart around $228 and $172.
AppLovin (APP) shares are in the spotlight after soaring Thursday following the release of better-than-expected results and a rosy outlook from the company, which benefitted from higher digital advertising spending on its artificial…
