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Will Q1 Earnings Drive Uber Stock Out Of Its Current Stagnant Trend?

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. Chart: Benzinga Pro 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 ...