COIN Rallies Alongside Crypto-Linked Stocks in "Flash Crash" Rebound
Schwab Network · Schwab Network
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Show Notes
Coinbase (COIN) saw up to a 10% rally on Friday's trading session thanks to a bounce back in Bitcoin and a price target raise from JPMorgan. Rick Ducat notes the stock's close correlation to Bitcoin prices and outperformance compared to the SPX as stock highlights. With earnings taking place next Thursday, he shows traders key levels to watch by highlighting how former resistance has become new support. Rick also reels traders into the options space to show how volatile of an earnings move they are bracing for.
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