Snap Inc. (SNAP) has rallied to a new high Thursday, as it got a fundamental upgrade from a sell-side firm.
Let's check and see how the charts have changed. We covered the stock on July 7 and gave upside targets of $29, $38-$40 and $47.
In this daily bar chart of SNAP, below, we can see prices and indicators aligned on the upside. Prices are above the rising moving average lines. The daily On-Balance-Volume (OBV) line is rising and the Moving Average Convergence Divergence (MACD) oscillator is bullish, too.