Performance metrics and trade details for RDDT breakout.
Reddit delivered outstanding earnings on July 31st, posting 850% earnings growth and 78% revenue growth, beating estimates by 137% on earnings and 17% on revenue.
Despite a broad market selloff on August 1st, Reddit gapped up 13%. Traders using a 1-minute ORB (Opening Range Breakout) setup could finish the day with a solid 3–4% profit cushion.