$RNG Has Earnings, AI Growth and Shorts in the Mix
27 sessions into this move, $RingCentral(RNG)$ just printed a new 4-year high.
What makes it more interesting is the backdrop.
US equities are getting hit, bonds are selling off globally, yet $RNG keeps pushing higher.
Even the August 13th pullback didn’t do much damage.
The stock had stretched to roughly 10× ATR% above its 50-day MA, stalled, pulled back… and then recovered the entire move in just 9 sessions.
That kind of strength gets my attention. 📈
So what’s behind it?
A few things are lining up:
🟢 The market had largely neglected the stock.
🟢 Q2 2026 came in strong, with results beating expectations across the board.
🟢 Full-year guidance was raised.
🟢 AI product adoption is accelerating.
🟢 The dividend was increased significantly.
🟢 And short interest remains high enough to potentially add fuel if momentum keeps building.
That combination is what makes the move interesting to me.
It’s not just a chart going up.
There’s actual fundamental momentum underneath it, while the stock continues to show strength even when the broader market gets choppy.
For now, $RNG is staying on my radar. 👀
The big question is simple:
How long can this relative strength continue?
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