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Spotify (SPOT) shares rallied nearly 20% on Feb. 10, after the audio streaming giant posted market-beating financials for its Q4 and issued upbeat guidance for the current quarter. The post-earnings surge briefly pushed SPOT above its 20-day relative strength index (RSI), a technical breakout that often accelerates bullish momentum in the near term.
Despite the rally on Tuesday, Spotify stock remains down nearly 20% versus its year-to-date high.