Trump Media & Technology Stock Rockets 44% In Past Month, Can Truth+ Streaming App Propel It Higher?
Portfolio Pulse from Surbhi Jain
Trump Media & Technology Group (NASDAQ:DJT) has seen a 44.6% stock increase in the past month, driven by the launch of the Truth+ Streaming App for Android. Despite a 25% dip over six months, the stock shows bullish technical indicators. However, caution is advised due to potential overbought conditions.
October 11, 2024 | 1:09 pm
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Trump Media & Technology Group's stock has surged 44.6% in the past month, largely due to the launch of the Truth+ Streaming App. The stock is showing bullish technical indicators, but caution is advised as it approaches overbought territory.
The launch of the Truth+ Streaming App has driven significant investor interest, pushing the stock up 44.6% in a month. Technical indicators like the MACD and moving averages suggest bullish momentum. However, the RSI nearing overbought levels and the stock trading outside the Bollinger Bands indicate potential for a pullback.
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