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Okta (OKTA) Just Overtook the 50-Day Moving Average

Zacks Investment Research·
Okta (OKTA) Just Overtook the 50-Day Moving Average

Okta (OKTA) is displaying bullish technical indicators after breaking above its 50-day moving average and reaching key support levels. The stock has gained 23.1% over the past four weeks and holds a Zacks Rank #2 (Buy) rating. Positive earnings estimate revisions, with 2 upward revisions and no downward revisions for the current fiscal year, further support the bullish outlook.

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