Chart of the Day: RDDT "Cup and Handle" Pattern

Reddit (RDDT) shares popped after earnings. Brett Crowther examines the technical picture for the social media company, saying the earnings move broke the stock's "doldrums" to the upside. On a 1-year chart, he highlights the $162 level as an upward resistance level prior to the earnings report. Brett illustrates a "cup and handle" formation taking shape, with the April lows acting as the base.

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