Stock Of The Day: Can Uber's Breakout Fuel A New Ride Higher?

Tesla's Robotaxi Day could impact Uber Technologies, Inc.'s UBER stock performance and long-term valuation, as analysts see potential gains in Uber's network value from a growing autonomous vehicle market. If positive sentiment from the event boosts investor confidence, Uber may break through key resistance levels, creating opportunities for savvy traders. When a stock rises above resistance, traders call it a breakout. As you can see on the chart, Uber shares may be breaking out. This is why our team of tr ...