00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Uber shares fell Wednesday as traders weighed, improving short-term momentum against lingering
00:08weakness in the stock's longer-term technical trend. The ride share's January death cross
00:13remains a source of caution for traders, reflecting weakness in the longer-term trend.
00:18However, shares are holding above the 200-day moving average and about 5.7% above the 20-day
00:25average of $75.30, indicating solid short-term buying interest. The MACD indicator also remained
00:32above its signal line, indicating improving short-term momentum and reduced selling pressure.
00:38Resistance sits near $81, while $67 represents a key support level.
00:44Separately, Uber introduced a safety feature that lets parents access a real-time video feed
00:49from a driver's front-facing phone camera during teen rides, according to Bloomberg.
00:54The company is testing the feature in Atlanta, Phoenix, Orlando, San Antonio, and Cleveland
01:01before a planned nationwide expansion. Shares were down by 0.33% at $78.23 in Thursday's
01:11pre-market trading, according to data from Benzinga Pro.
01:14For all things money, visit Benzinga.com.
Comments