NEW YORK – Shares of D-Wave Quantum Inc. (QBTS) are experiencing a dynamic and bullish start to the trading day, with significant investor interest pushing the stock higher. As of 10:36 AM EDT, the stock was priced at 0.35, or 2.19%.
The market opened with strong momentum for the quantum computing company. The stock gapped up to $16.21 at the open, already well above the previous day’s close of 16.58**.
Following the early peak, the stock pulled back to find support at a day’s low of $16.10 before resuming its upward trajectory. This volatile price action, marked by sharp movements and a quick recovery, indicates a battle between buyers and sellers, with the bulls currently having the upper hand.
Outlook for the Remainder of the Day:
Based on the morning’s performance, D-Wave Quantum stock is demonstrating a clear bullish bias. For the rest of the trading session, investors will be watching two key levels:
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Resistance: The morning high of $16.58. If buyers can push the price past this point, it could trigger another leg up.
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Support: The day’s low of $16.10. The stock’s ability to bounce off this level suggests it has become a strong floor for the session.
With the stock currently trading above the previous close and showing resilience after its initial pullback, the outlook for a strong finish to the day appears positive.
