AppLovin Stock Rebound Could Be in Sight

Software stock AppLovin Corp (NASDAQ:APP) has fallen sharply since its early-June peak, down 12.2% since the start of the month. The shares are on the rise today, however, up 2.9% to trade at $345.27 at last glance, and flashing a historically bullish signal to boot. Per Schaeffer's Senior Quantitative Analyst Rocky White, the recent pullback has pulled APP back to its 50-day moving average. More specifically, the stock is within 0.75 of the trendline's 20-day average true range (ATR) after spending at leas ...