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As AppLovin Wipes Out, This AI Peer Zooms Back Into Buy Range — Then Gets Squirrelly
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One of the best stocks of 2024, AppLovin has fallen sharply on two negative reports, with its relative strength line in steep decline. A sharp drop on the Nasdaq, however, had Atlassian skidding out of the buy zone. After retreating from the 52-week high it notched this month, Atlassian stock bounced off its 50-day moving average on Tuesday on the way to retaking its 287.97 buy point.
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