Applied Digital stock surges 10% on Tuesday

Applied Digital stock is currently trading at around $17.70 per share, which is about 65% lower than its 5-month high of $50.73. The surge on Tuesday is seen as a potential rebound, but the trend reversal is not yet confirmed.

The stock price is below all three major moving averages (20-day, 50-day, and 200-day) and the 50-day moving average is below the 200-day moving average.