Rocket Companies Holding Up

$RKT

I like the post earnings price reaction today in RKT 0.00%↑ given the backdrop of overall market weakness. Plotted below is an AVWAP from IPO, which is a notable hurdle to clear for adding to a long position. I’m currently holding onto some shares with a downside risk management level at $15, a place the stock has shown some activity around. TOL 0.00%↑ is another related name that is holding up well today. This may support the thought that the housing related names will make their move before rates change.