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  • Writer's pictureT. Livingston

SOFI Technologies On My Radar

SoFi Technologies (SOFI) is a stock that has recently come across my radar. Upstart (UPST) is the true leader in the consumer loan group, but SOFI has also acted quite strongly recently and has produced seven consecutive quarters of accelerating sales! SOFI, like UPST, MNDY, and PLTR, was a hot IPO in the 2020-2021 cycle before correcting hard during the 2022 bear market. Since May, SOFI has doubled off its' lows on strong accumulation and is currently pulling back calmly to its' 20-day moving average. I will be looking to open a position should it clear recent resistance.

Risk right. Sit tight.

Full Disclosure: I currently own PLTR and MNDY.

Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.


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