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MarketBeat
MarketBeat
Business
Sam Quirke

Rivian’s Chart Says Go, But Some Analysts Still Say No

Shares of Rivian Automotive Inc. (NASDAQ: RIVN) are once again on the verge of a breakout, as they knock on the door of the $15-16 level that bears have been defending vigorously all year. If they can manage to break through, then they could be on track to deliver one of the year’s most dramatic recovery rallies.

The EV maker, long seen as a poster child of COVID-era hype, seems to be finding its stride again.

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