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Barchart
Wajeeh Khan

BIRD Stock Shot Way Into Overbought Territory on the Allbirds AI Pivot. What’s the Trade Here?

BIRD Allbirds

Allbirds (BIRD) stock closed yesterday's session up a remarkable 600% after the footwear firm announced a pivot into artificial intelligence (AI) compute infrastructure. 

This explosive rally pushed BIRD’s relative strength index (RSI) into the mid-90s on Wednesday, signaling exceptionally overbought conditions that often precede a sharp correction. 

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