Reddit Price Levels to Watch as Stock Surges on Strong Earnings, Outlook

Key TakeawaysReddit shares surged in premarket trading on Wednesday after the company reported earnings that topped estimates and provided a strong outlook, as the social media platform benefits from robust digital advertising spending and lucrative AI content licensing deals.Since going public in March, Reddit shares oscillated within an ascending triangle before breaking out above the pattern’s top trendline earlier this month.The measuring principle, which calculates the distance between the ascending tr ...