Uber Technologies inc - Daily

Even though the EPS came in weaker than expected, revenue went up and as result so did the stock.

Uber reported earnings of -$0.61 a share on revenue of $8.3 billion. From a technical aspect, the stock’s shares are currently trading at $30.86 a share. Towards the upside, resistance sits at $31.91 then at $32.56 then at $33.43. A break above these resistance points could see the share price head towards the major resistance level at $34.32, which corresponds with the upper trendline of the channel. Towards the downside, support sits at $30.23 then at $28.32 then at $27.59. A slip below these support levels may see the stock slide towards the $25-$26 price range. Looking at the indicators, MACD is positive and RSI reads 60.