Uber Technologies (NYSE: UBER) saw an impressive gain of over 7% in today’s trading session, sparking renewed interest among traders and investors. A closer look at the 3-year chart shows a well-established long-term uptrend, and today’s breakout signals what could be a high-potential entry point.
The stock has decisively broken through key resistance levels and is now in uncharted territory—a bullish sign that suggests there’s room for further upside. With strong technical support around the $80 level, Uber looks well-positioned for a continued move higher.
If you study the volume trends closely, you’ll notice that large institutional investors have been accumulating shares steadily since Q4 2023, particularly in the $58–$62 range. That’s typically a strong vote of confidence in the company’s long-term prospects.
What’s even more compelling is the rounding bottom formation visible on the chart—a classic bullish pattern that often precedes sustained upward momentum. Combined with today’s breakout, this setup offers a favorable risk-reward ratio for those looking to go long.
1 thought on “Uber Stock Surges Over 7%—Is This the Perfect Time to Go Long?”