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Why Fastly Shares Have Been Rising Sharply

TheMotleyFool

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Why Fastly Shares Have Been Rising SharplyPhoto, wide shot, wide-angle lens, Software company, sunset photo at golden hour, photo by Marc Adamus: https://img.theapi.app/temp/9d624ad0-0157-4808-b12c-caf136345180.png

Shares of cloud computing specialist Fastly (NYSE: FSLY) have been rising sharply over the past two trading days. Including the stock's 15% gain so far this week, the stock has soared an impressive 83% during the second half of August.

While some of the gains this month have been partly fueled by analyst optimism for the stock following an initial post-earnings sell-off, there are likely some technical factors driving more recent volatility.

Image source: Getty Images.

Source Fool.com

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