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Wajeeh Khan

Wolfspeed Is Surging on Bullish Analyst Note. What Comes Next for WOLF Stock.

Wolf Wolfspeed Citrini

Wolfspeed (WOLF) shares closed meaningfully higher on Wednesday after Citrini Research issued a bullish note in favor of the silicon carbide (SiC) specialist. So far on Thursday, WOLF stock has continued its rapid rise.

The upward momentum drove WOLF’s relative strength index (RSI) into the late 80s, indicating overbought conditions that often trigger a selloff in the near term.

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