Chris Perruna: RDDT climbs 44 percent from March lows, nears 200-day moving average

Chris Perruna: RDDT climbs 44 percent from March lows, nears 200-day moving average
RDDT rises 44 percent from lows

Chris Perruna, senior vice president at Self-employed, highlighted that RDDT is trading at 183.91, marking a 44 percent increase from its March lows and a 30 percent gain from its May lows. The stock is currently near its 200-day moving average, with Perruna describing it as building the right side of a cup-shaped base. He disclosed ownership of shares in the company.

Perruna has highlighted similar technical signals in prior commentary. He observed that MU was trading 176 percent above its 200-day moving average, identifying the risk of a pullback toward the long-term trend. In an earlier comparison, he noted that NVDA held a forward PE ratio of 24.57, while CSCO was above 196 in 2000. Both instances focused on concrete measures of momentum and valuation.

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