Uber Technologies (UBER) is the 'Stock of the Day' at Real Money this Tuesday. The charts and indicators of UBER looked positive last time we visited with them when the "lock-up" period was over, but a fresh look at the stock's activity is a good idea today as prices are emerging from a base pattern.
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These names are displaying both quantitative and technical deterioration.
The main problem with price targets is that they are a static number in a dynamic situation.
Concerns about the action being overheated remain, but rotational action keeps the momentum going.
Short and sweet: This is based on the high running emotions of the markets. There's little to it beyond that.