Square (NYSE:SQ) stock has been on fire…what else is new? SQ has risen 57% in the past three months, 180% so far this year and 224% over the past 12 months. To say this has been a frustrating stock for bears would be an understatement.
Not long ago, Square’s market capitalization was less than $10 billion. Now its market cap is roughly $37 billion. Square stock has been on a run like few others, and eventually stocks that rally to that extent take a rest. Is Square next?
Let’s look at the charts first.
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