Reddit Hailed As 'AI-Learning Goldmine': Despite Buying Pressure, There's Bullish Potential

Reddit Inc. (NYSE:RDDT) has been riding a wave of optimism, with its stock surging over 125% in the past six months. While a modest 10% dip over the last month suggests some cooling, the bullish technical and fundamental indicators are hard to ignore.Here's why investors are buzzing about the platform that Reddit users are hailing as an "AI-learning goldmine."Reddit’s Stock Chart Suggests Buying PressureChart created using Benzinga ProReddit's stock, trading at $166.47, shows mixed short-term signals but undeniable long-term strength. The stock hovers slightly below its eight and 20-day SMAs (simple moving averages), a potential caution for short-term traders. However, its MACD (moving average convergence/divergence) indicator at 7.62 flashes bullish, and a 50-day ...Full story available on Benzinga.com