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Wajeeh Khan

Why Edgewater Research Is Sounding the Alarm on AppLovin Stock

AppLovin Edgewater APP

AppLovin (APP) shares tanked on Sept. 23 after Edgewater Research issued a cautious note regarding the Nasdaq-listed mobile technology platform.

As the market intelligence firm trimmed its Q4 revenue estimates for APP, the stock broke below its 20-day moving average (MA), indicating bearish momentum could sustain in the near term.

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