AppLovin Stock Rebound Could Be in Sight

Core Insights - AppLovin Corp (NASDAQ:APP) has experienced a significant decline of 12.2% since early June, but shares are currently up 2.9% to $345.27, indicating a potentially bullish trend [1] Stock Performance - The recent pullback has brought APP back to its 50-day moving average, with the stock within 0.75 of the trendline's 20-day average true range (ATR) [2] - Historically, after similar signals in the past three years, APP was higher one month later 67% of the time, averaging an 8.3% gain [2] - Since June, APP has increased by 343%, with most gains occurring in 2024, making it the best-performing stock on the Nasdaq [3] Options Trading - Options appear to be a favorable strategy for AppLovin, as the Schaeffer's Volatility Index (SVI) of 60% ranks in the low 16th percentile of its annual range, indicating low volatility expectations [4] - Over the past 12 months, APP has outperformed options traders' volatility expectations, presenting a strong opportunity for options trading, supported by a Schaeffer's Volatility Scorecard (SVS) of 81 out of 100 [4]