Rigetti Computing (RGTI) traded at $14.65 (+8.76%) during market hours on January 24, showing renewed strength after a correction from its recent high of $21.42. This intraday movement highlights a continued upward trajectory, supported by technical indicators and investor sentiment in the burgeoning quantum computing space. Technical Overview 1. Moving Averages Alignment: • MA5 ($13.16) & MA10 ($11.19): Intraday action has the price decisively above short-term moving averages, signaling renewed bullish momentum. • MA20 ($13.75): The stock’s recent push above this average suggests the potential for sustained recovery. • MA30 ($12.00): A critical longer-term level providing solid support for any pullbacks. 2. Trend Analysis: • The uptrend remains intact as Rigetti continues to print hig
Surging 50%! Is the Spring of Quantum Computing Back?
After consecutive declines, quantum computing stocks have surged more than 50% over the past two days. RGTI jumped nearly 70%, while QUBT soared 55% in a single day yesterday. --------------------- Is the spring of quantum computing back? With the market warming up and rate cut expectations rising, is the meme stock frenzy about to restart? Do you have confidence in the upcoming rebound? What's your target price?
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