The Sphere Keeps Rolling with Strong Momentum

Jan 9

First off, I didn't even know you could buy shares in the Sphere, but it seems like its been going really well price wise. SPHR has been trending well for months, climbing more than 260% from last year’s lows in April. That kind of sustained strength usually signals serious institutional backing, and the trend itself has stayed impressively clean without major pullbacks.

The story’s pretty straightforward. Their Las Vegas venue has redefined what a live show looks like, and the financials are catching up with a solid 15% year-over-year revenue lift. Profitability isn’t there yet, but the market clearly sees growth potential and is rewarding the story rather than the current earnings.

Technically, SPHR’s taking a breather after reaching about $97. The current pullback toward $91 looks healthy, with RSI cooling to 56 and price holding well above the 50-day moving average. The MACD dip seems more like a pause than a reversal, and volume’s settling down after the strong run.

Could be worth keeping an eye on for a possible breakout once it clears this consolidation zone.

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Jan 10

Note

Seems to be headed in the right direction. Promising 6% move to touch the previous highs before settling back during the day would suggest there is more ahead.

Jan 19

Trade active

Strong run up to that high before some sanity kicked back in. Lets see if it continues.