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Barchart

Wajeeh Khan

Should You Buy the Dip in Applied Digital Stock Today?

Applied Digital Applied APLD

Applied Digital (APLD) crushed Wall Street expectations on virtually every metric in its fiscal Q3. Shares still closed down nearly 8% versus their previous close on April 9. The post-earnings selloff even crashed APLD below its 20-day moving average (MA), indicating that the bearish momentum will likely continue in the near term.

Year-to-date, Applied Digital stock is now down more than 35%.

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