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Stock Of The Day: Is SoFi Forming A New Range?
Benzinga· 2025-10-07 17:53
SoFi Technologies, Inc. (NASDAQ:SOFI) is trading higher Tuesday despite there being no company-specific news. It appears to be forming a new trading range.We have made it our Stock of the Day. There are typically two ways to trade a range profitably. One is to buy near the bottom of the range and sell close to the top. The other is to wait for the stock to break out of the range.As you can see on the chart below, there was recently resistance for SoFi around $28.40. There is a good chance that if the stock ...