Reddit Inc. Class A (NYSE:RDDT)
Old Forum Content for RDDT
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scottrades: ...
$RDDT breaking out of a C&H. Watch for a strong close.
$MSTR watch 340
$BMNR Watch 49.70 (the 50 Day MA)
Today marks the 24th Anniversary of the horrific 9/11 attacks in NYC. Like you all I remember that day vividly even though I am Canadian. ... - traderbren: @scottrades $ETHA $ETHU $TSLA $NFLX $META $ITA $ANET $TME $RDDT $MSTR $BMNR - yeah, it certainly was a horrific day having worked on Wall St., and living a few blocks north of the carnage. I can still smell the acrid jet fuel and debris. I was depressed for months following ...and hold onto the memories of many folks that I knew that lost their lives in the towers.
- joelsg1: @traderbren $ETHA $ETHU $TSLA $NFLX $META $ITA $ANET $TME $RDDT $MSTR $BMNR And the crap in the air in Manhattan, including loads of asbestos fibers, floating around for days until it rained....
- camaro69: @scottrades $ETHA $ETHU $TSLA $NFLX $META $ITA $ANET $TME $RDDT $MSTR $BMNR That was my first morning in Manhattan. landed at 6:30 am. took a taxi to the Marriot on West street about 150 yards from the South Tower. 8:47 am everything changed. Brave people going in to save the people stuck in the towers. Bless them all!
- limes141: @Dan @Scottrades $RDDT Hi Dan and Scott, honing my chart skill. Would you say yday was a shakeout and and handle formation on $RDDT? Trying to learn how to interpret and "feel" the chart . Thank you
- scottrades: @limes141 $RDDT A shakeout is something that breaks below support and recovers. Yesterday was a Downside Reversal (Higher Open, Lower Close). The trend is fine. The 8EMA and 21 EMA are your guides.
- champ: $RDDT...Watch for a Spec-entry ...and see the reasons Why....they...the techies are saying, this stock will probably continue to move..... because of that $GOOGL News. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
- ReneeH: $RDDT started y'da at 21d, starting to move
- shoredriver: $RDDT...still on the poop deck..getting ready to dump it..pun intended...
- traderbren: @shoredriver $RDDT - yep, had a pop & drop this morning. You may want to draw a line in the sand at 215 -- to hit the exit.
- ReneeH: $RDDT on deck here fwiw
- joelsg1: @ReneeH $RDDT On deck for what?
- shoredriver: @joelsg1 $RDDT ....not going far with this type of vol.....
- traderbren: $RDDT - managed to get short this morning for a trade.
- traderbren: $RDDT - nice pull back to the 8ema this morning.
- traderbren: $RDDT - might be the beginning of a pull-back after setting a new high this morning.
- joelsg1: $RDDT Bounce to Blue Skies.
- Vcondry: @joelsg1 $RDDT this thing is a machine...even on a "negative" day it keeps going up and to the right.
- RD: $RDDT continues to stairstep higher since earnings.
- traderbren: @RD $RDDT - yep, it's been a monster move! NP
- RD: @traderbren $RDDT I have a small position. Still waiting for some pullback after earnings to add.
- Vcondry: @RD $RDDT dont forget $RDTL for double your fun(ds)
- vcondry: $RDDT pullback to approx $200 is tempting much lower vol then prior 2 days
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StockMarketMentor: ...
$RDDT -- Up $15.50 on a great quarterly report. The stock had been in a tight squeeze, so this move is a real explosion into the first Phase of a 3-Phase volatility squeeze. This could go either way, but you'd be breaking every rule in the tradin ... - DAN: $RDDT -- still going!!!
- joelsg1: $RDDT Up nearly the implied move on stellar E.
- woodman: @joelsg1 $RDDT - wow, big move!
- joelsg1: @woodman $RDDT Np. My son was an early adopter and says now it sucks, but what does he know.
- traderbren: $RDDT - may be seeing the start of a pre-earnings run.
- Onthemark: @traderbren $RDDT Earnings tomorrow amc. Taking a small position based on nice base chart pattern
- BarryC: $RDDT WW..... Earnings this week, MANAGE risk.
- BarryC: @BarryC $RDDT Reddit price target raised to $175 from $150 at Raymond James - Strong Buy Rating
- charlotte: $RDDT - cup and handle?
- Henry: @charlotte $RDDT Good morning, I can't sleep either. The tops of the cup are supposed to be symmetrical. You are just picking a point in the middle of that ugly down draft to call the left side of the cup. The 50 dma is below the 200. The stock has only been public for a little over a year. Dan is big on these IPO stocks for returning above average returns, so it's definitely one to keep track of.
- phgruver: @Henry @charlotte $RDDT Exactly, this is not a cup-and-handle. Instead, we are coming off a months long base (March 10 through June 13) and are seeing possible accumulation. The problem is, the volume is lighter. (Remember, volume confirms a move, if volume drops off, the move is suspect.) What you want to see is for $RDDT to break above the recent high, of $164.55, on above average volume. It is in a Bolinger Band squeeze, so it's worth watching, but, from here, it could go either way.
- BarryC: I really like this $RDDT Chart but earnings are out next week so be aware of that.
- traderbren: @BarryC $RDDT - yep, I've been stalking it too. Interesting to note the 14% short interest, 2.5 days to cover which might result in a great pop if they report decent numbers.
- BarryC: $RDDT very low risk entry here.....
- bill52: @BarryC $RDDT I'd agree and that nice hammer that formed today makes it look very interesting and worth starting a position.
- Motorman: $RDDT firming up at the 20 day. Holding LT
- BarryC: Also, trying some $RDDT against 139'ish
- BarryC: @BarryC $RDDT
- BarryC: @BarryC $RDDT I added $RDDT
- rmacron: $RDDT Riding the Upper BB with 8 DMA as support. This has been good to me. Looks like it can continue to run.
- Wolf: $RDDT Hard "U-turn on slightly higher volume. Sold half for a small profit. Stop loss on the rest just above break even.
- Wolf: $RDDT Watching for a bounce off 132.40 support. May consolidate here for awhile. Earnings not until 8/4.
- Wolf: $RDDT Starter @ 137.66, stop at 132 area.
- camaro69: $RDDT up 8% today
- jwstich: @camaro69 $RDDT Reason??
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DrScience: @jwstich $RDDT From Barrons: Reddit stock was rising sharply again Tuesday following the announcement of two new advertising tools that draw upon the platform's seemingly endless mine of content.
At the Cannes Lions Festival, Reddit introduced a new ... - jwstich: @DrScience $RDDT Thank you so much for your very informative response and for all you do for OMM and SMM members. It is much appreciated. John
- woodman: @DrScience $RDDT - Thank you, Doc.
- DrScience: @camaro69 $RDDT Yes, but down 7% from its HOD this morning. Shiny object not looking so good for those who FOMO'd early. Time will tell...
- camaro69: $APP working well. $RDDT climbing the wall and it's slippery
- camaro69: $RDDT may be worth watching
- traderbren: @camaro69 $RDDT - yep, jumped on the 30 May 110 calls this morning....working well.
- bigreek42: @woodman $tlt also very cash heavy in trading acct. Grabbed $bros and $rddt today tho tight leash
- ZMan2: $RDDT is up 10% & 10% above its 50 Day MVA on no news that I can find.
- mgoodw: @ZMan2 $RDDT dang almost bought this am but had to take dog to vet … sigh
- traderbren: @ZMan2 $RDDT - gotta love the move once it cleared the VWAP this morning and kept running -- likely a short squeeze that woke up from the dead!
- Bert953: @traderbren $RDDT I know you're a vet, so I'm just thinking out loud here. Though it may pull back it doesnt look too late for an entry as its just popping above the 50 and kissing the upper BB. Its also broke above the 5/1 high which was earnings. Stochastics, money flow and RSI all going up. Maybe a starter or placeholder and see if a pullback offers a better entry. if it goes up we can add and build a position. the market has mostly recovered from this mornings profit taking and as I said in an earlier post, this doesnt look like a strong Resistance zone to me YET.
- Bert953: @bigreek42 $exas it was, but broke out on 5/1. some current ones are $UPS $RDDT $TMO $SLV $SAM. Take a look at $ATGE its what u r looking for - 2 std deviation Bollanger Bands help to visually id squeezes. phase 1 squeeze (March 21 - May 1), phase 2 break out above the BB, phase 3 pullback phase 4, another leg up, hopefully similar to phase 2.
- bigreek42: @Bert953 $exas $UPS $RDDT $TMO $SLV $SAM $ATGE thanks will get a look at these. Lots of late volume today on $exas - decent reversal from the LOD
- Bert953: @bigreek42 $exas $UPS $RDDT $TMO $SLV $SAM $ATGE Np, also, Dan's rules for squeezes include increasing volume on the breakout and the squeeze should be fairly close to the 50dMA $NVDL is an example of one that already broke out on increasing volume, price was just above the 50. However, the 200 is above the 50 (inverted MA levels) so that's a concern, especially since the 200 is a strong overhead resistance zone.
- cgendro1: $RDDT- up 5% today
- ZMan2: $RDDT is down 10% on a downgrade to $75 by an analyst from Redbird Atlantic who says $RDDT is too dependent on Google.
- Motorman: @ZMan2 $RDDT Yes, testing the 200day again . Could venture into gap from October.
- mgoodw: @ZMan2 $RDDT I think thats a good thing long term.. it went up way to fast..and good point about GOOG
- mgoodw: @ZMan2 $RDDT they are probably all buying it up right now too
- mgoodw: $RDDT down another 12 % after yesterdays gap and dump
- Vineet: $RDDT popping...?
- scottrades: $RDDT: Google has expanded its partnership with Reddit (RDDT) amid worries that the aggregator's user growth relies heavily on Google Search traffic; The expanded collaboration now allows Reddit to use Google's Vertex AI: Reuters
- Vineet: @scottrades $RDDT You've got to be the quickest news source - another reason you are a great asset for this forum
- scottrades: @Vineet $RDDT :)
- marklesparkle: @Vineet $RDDT popped
- Vineet: @marklesparkle $RDDT yeah then it dropped
- marklesparkle: @Vineet $RDDT Yeah there's a reason for that drop but I dunno. Maybe its the Reddit followers
- scottrades: My notes: $SPY/$QQQ A good start $IWM Massive backtest $DXY Under all the MAs $TNX Fed Meeting next week $GLD Still good $SLV Extended but ok $GDX Same $IGV Good volume $AAPL Watch next week $AMZN Near the 200 Day $META Still above the 200 Day $TSLA Watch 253 $NVDA Good RS $APP Good RS $RDDT Good $GS $PLTR Good RS $T Channel $CME Still in an uptrend. $CHKP Back above the MAs $AEM Trending up
- marklesparkle: @scottrades $SPY $QQQ $IWM $DXY $TNX $GLD $SLV $GDX $IGV $AAPL $AMZN $META $TSLA $NVDA $APP $RDDT $GS $PLTR $T $CME $CHKP $AEM Scott you work so very hard thank you for all you do
- ZMan2: $RDDT is up 10% today on a upgrade from Loop Capital.
- mgoodw: $rddt down approx 10 percent today
- bill52: @mgoodw $rddt I saw that too but could not tell exactly what was driving it. did see that there is a rumor that they may want to buy TikTok.
- cgendro1: @mgoodw $rddt Many stocks seem to be heading to gap fills. Big one here about 104 which also approximates the 200D.
- mgoodw: @cgendro1 $rddt Im glad bc they are so over inflated ..about time for a breather
- cgendro1: #markets- went to cash about 1 wk ago and very thankful! Not that I didn't lose money mind you but would have lost more! Not my market. I think we should start a daily Biggest Losers Club of Stocks(meaning tickers) On my WL today is: $SNOW, $TEAM, $PLTR $RDDT $META, $AXON, $SPOT, $APP, $NFLX(gold star!) and $MDB There are better days ahead but glad for cash!
- cgendro1: $RDDT- Has dropped about 16% in 6 da. Currently sitting at the 50D and bouncing. Watching
- Motorman: $RDDT tight on 1 min chart. 50 day below at 181. 20 day above 201. could go anyway. Friday and long weekend. Just holding.
- romanalexk: $RDDT found support around 21 ma on earnings. I bought my other half back close to 21 ma. I have a clear stop on my entire position $195.98 which will be at breakeven.
- X802tp01: @scottrades what do you think now these two stocks for a starter? $RDDT beat on top and bottom line and strong guidance. User growth volatility as a result of a Google search algorithm tweak. $IOT down to just above the 8 day today so defined risk. Thanks.
- scottrades: @X802tp01 $RDDT $IOT I would just watch both of them right now. I think if $RDDT can close strong you could try some into the end of the day, but no real signal right here imo.
- X802tp01: @scottrades $RDDT $IOT Thanks Scott
- ZMan2: $RDDT $HOOD $TTD $APP RP after the bell today.
- romanalexk: $RDDT took one on the chin. I am glad I sold half a few days back.
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StockMarketMentor: ...
Lots of earnings are due this week, including Robinhood($HOOD), Shopify ($SHOP), Palo Alto Networks ($PANW), Howmet Aerospace ($HWM), AppLovin ($APP), DoorDash ($DASH), HubSpot ($HUBS) and Reddit ($RDDT). Some of these stocks could be big movers, s ... - Geewhiz: @StockMarketMentor $HOOD $SHOP $PANW $HWM $APP $DASH $HUBS $RDDT $TEM Don't be so upset ;-)
- mgoodw: @StockMarketMentor $HOOD $SHOP $PANW $HWM $APP $DASH $HUBS $RDDT $TEM $TEM Im noticing Pelosi bought it in January when the stock was approx $30-32 ish and has since doubled. Calls $20 exp Jan 2026. Do you think the move they were looking for may be over?
- romanalexk: $RDDT sold half before earnings next week.
- Mikev200: $RDDT nice today, earnings next week. WED AMC
- romanalexk: $RDDT is following through. Position from below. 21 day ma is my stop.
- ZMan2: $RDDT is up 20% in the last 4 week & at 52 it’s week high again.
| Stock Price | $224.78 |
| Change | -3.75% |
| Volume | 4,927,810 |
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