Software Stock At An Intriguing Entry Point

Video game development stock Unity Software (U) would have preferred the calendar hadn’t turned to January. The shares are down 19.5% year-to-date, a far cry from December’s monthly gain of 38.6%. The only silver lining to the false start is U’s struggles has, if past is precedent, the stock pulling back to a historically bullish trendline.According to data from Schaeffer's Senior Quantitative Analyst Rocky White, Unity stock has pulled back to its 50-day moving average after a lengthy stretch above it, def ...