Opendoor (OPEN) Hits Golden Cross: Meme-Stock Mania Meets Technical Bull Signal
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Opendoor Technologies Inc. (OPEN) has achieved a Golden Cross, indicating bullish momentum as its 50-day SMA surpasses the 200-day SMA. Currently trading at $3.59, the stock shows strong technical indicators, including a MACD of 0.42 and an RSI near 72. Following a leadership change, investor optimism is rising, fueled by retail interest reminiscent of the meme-stock era. Strategic partnerships and endorsements further enhance market sentiment, despite a disappointing Q2 report. Overall, Opendoor is blending meme-stock energy with real market momentum, suggesting potential for growth.
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