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Barchart
Barchart
Edited by Elizabeth Volk

Check Out This Chart of Root After the Stock Surged 191% Today

Root

Even on a year-to-date chart, today’s post-earnings bull gap in Root (ROOT) is easy to spot. The stock spiked more than 191% at its intraday high of $118.15 - and though ROOT has pared its gains considerably to trade around $75 this afternoon, it’s still overbought, based on its 14-day Relative Strength Index (RSI). This could be a tough one to trade in the short term, though, as the chart suggests ROOT can stay overbought for longer than you might expect.

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