UBER - Will Q1 Earnings Drive Uber Stock Out Of Its Current Stagnant Trend? | Benzinga
Wall Street expects Uber Technologies Inc (NYSE:UBER) to report 23 cents in EPS and $10.1 billion in revenues when its first-quarter earnings are released Wednesday before market hours.
The stock is up 84.16% over the past year, 16.14% YTD.
Let’s look at what the charts indicate for the ride-hailing company, and how the stock currently maps against Wall Street estimates.
The current trend for Uber stock is relatively stagnant. Further, the stock is experiencing selling pressure, indicating a risk of future bearish movement.
However, there are conflicting signals from different moving averages. The eight-day simple moving average (SMA) is at $68.95, suggesting a bullish trend, while the 20-day SMA is at ...