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IREN stock dips amid tech sell-off but shows bullish potential with a 14.8% YTD gain and a strong trendline signal.

Technical Signals
01 Jul 2026
Forbes
View Source
Neutral
pluang ai news

IREN, an AI data center company, saw its shares fall 3.9% to $43.94 amid a volatile tech sector, marking its eighth consecutive daily decline and lowest close since April. Despite this, IREN holds a 14.8% gain year-to-date and is near a historically bullish trendline, which has previously led to a 19.9% average gain one month later. Short interest in the stock is high at 18.7%, with a significant increase in bearish bets, suggesting potential for a short squeeze. Options traders remain bearish, but this could create an opportunity for bulls if sentiment shifts.

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