Workflow
Ascending Triangle Pattern
icon
Search documents
SoFi Technologies Stock Surges Past $15 On Bullish Outlook, Technical Breakout
Benzingaยท 2025-06-11 20:18
Group 1 - SoFi Technologies Inc is gaining investor attention due to a recent technical breakout and positive momentum in its stock performance [1] - The company aims for over $3 billion in adjusted net revenue by 2025 and anticipates annual revenue growth exceeding 25% through 2026 [1][2] - SoFi's loan origination business is experiencing strong growth, with deposits increasing to $27 billion and fee-based income now making up 41% of its revenue [2] Group 2 - Technical indicators show a classic ascending triangle pattern, suggesting a continuation of the uptrend, with sellers at the $14.50 resistance level and aggressive buyers stepping in at higher prices [3] - SoFi's stock has a short interest of 13.23% as a percentage of its float, and it is trading higher by 4.31% to $15.01 [4] - The stock has a 52-week high of $18.42 and a low of $6.01, closing at $15.06, up 4.66% [7]