Chart of the Day: Uber (UBER) Showing Possible Bottom
Schwab Network · Schwab Network
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Show Notes
Shares of Uber are moving higher premarket after an upgrade to buy from Arete. Rachel Dashiell examines the chart, which in the short term has been showing a possible bottoming process with $90 the key level to watch. The long term chart shows a consistent uptrend, with the recent fall in shares showing support at the $82 level, with the stock rangebound for several months.
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