RKT - Rocket Companies - $22.70 PT

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Looking at $22.70 Retest / Price Target for RKT based on the continued bullish movement and breaking through previous levels or resistance at the $19.78 Price Level. We need to confirm support above that level first before moving forward, which justifies the potential for consolidation on the lower support trend before proceeding.

Rocket Companies shares are trading higher following softer-than-expected US jobs data. This has caused a drop in yields and could raise hopes of a rate cut, as well as Mr. Cooper stockholders approving the merger with the company.

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