A sell side firm upgraded their fundamental view of mortgage firm Rocket Cos ( RKT) to overweight Wednesday. Fintech companies have been under pressure in recent months so this could be a shift worth monitoring. Let's check the charts and indicators.
In this daily bar chart of RKT, below, we can see that prices gapped above the declining 50-day moving average line today. Prices are off their best levels of the day but it is a long way to the close. 
The On-Balance-Volume (OBV) line has improved since the middle of June. The Moving Average Convergence Divergence (MACD) oscillator shows a higher low in June than April even though prices made a lower low - a bullish divergence.
In this weekly Japanese candlestick chart of RKT, below, we see only modest improvement. Prices are showing some early stability. The weekly OBV line is steady and the MACD oscillator has crossed to the upside for a cover shorts buy signal.
In this daily Point and Figure chart of RKT, below, we can see today's rally without a price gap. An upside price target in the $12 area is shown.
Bottom line strategy: RKT could pullback and retest the $8 to $7 area in the weeks ahead. Aggressive traders could use that anticipated dip to probe the long side of RKT looking for a rally to the $12 area.
