SK Hynix (SKHY) shares soared roughly 8% on Tuesday as several Wall Street **** ysts issued bullish notes in favor of the South Korean memory giant that was recently listed in the U.S. The company's 14-day relative strength index (RSI) sits in the mid-40s, indicating it remains miles below the overbought territory that often triggers profit-taking.
At about $154, SK Hynix stock is trading nearly 10% below the price at which it opened on Nasdaq on July 10. But Wall Street firms believe the story moving forward will be drastically different.
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