SNAP - Snap: Massive Upside Looks Possible (Technical Analysis)

2024-04-29 11:08:53 ET

Summary

• Snap's recent earnings surprises have put the stock back on the radar for technology investors.
• The company reported an increase in revenues and per-share adjusted earnings that surpassed analyst estimates.
• The stock faces resistance at $17.50, and a break above this level could lead to further bullish momentum.

One of the lesser-watched social media companies can be found in SNAP Inc. ( SNAP ) but recent earnings surprises could put this stock back on the radar for technology investors in coming sessions. Most of the recent optimism has been fueled by better-than-expected earnings figures for the first-quarter period, and the initial market reaction to this information has helped to propel share prices higher by nearly 30% (marking the best single-session gains since 2022)....

For further details see: