By Dan Darrow
October 14, 2022
Intraday Update: RIVN
Multiple tests of the critical 30 level on RIVN have held this week, but selling today is more aggressive. RIVN is losing the big support level in afternoon trading, and the Dec16 $40 - $50 call spread needs to be closed before a major breakdown can develop. We will revisit a trade on this if the stock can reset above 35-36 in the near term.
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**As of the date and time of publication