Spotify Price Levels to Watch as Stock Pops on Subscriber Growth, Outlook
Spotify(SPOT) Investopedia·2024-11-13 11:25
Key TakeawaysSpotify shares jumped in extended trading on Tuesday after the streaming media giant topped Wall Street’s third-quarter subscriber growth estimates and issued a better-than-expected profit outlook.The stock has continued to track higher after retesting the top trendline of an ascending triangle, though an RSI reading over 70 signals overbought conditions.A bars pattern, which extracts the stock’s upward trend from January to April and repositions it from the ascending triangle’s top trendline, ...