RIVN: Breakout From Falling Wedge Opens Door to $26Rivian Automotive, Inc. Class ABATS:RIVNtimothysmith78Rivian (RIVN) shares popped 8% Thursday to close at their highest level since mid January after the EV maker lifted its 2026 deliveries outlook. The company now expects to deliver between 65,000 and 70,000 vehicles this year, up from its earlier forecast of 62,000 to 67,000. From a technical standpoint, the carmaker's shares broke out above the top trendline of a multi-month falling wedge pattern. Importantly, the move occurred on the highest trading volume since March, raising the potential for follow-through buying. A measured move, which calculates the distance in points near the start of the pattern and applies that amount to the breakout area, projects an upside target of $26.