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.
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