By Nigam Arora & Dr. Natasha Arora
Uber (UBER) buy zone was previously suspended due to concerns about delta variant, smart money selling, and incentives for drivers.
UBER just reported earnings. Earnings are better than consensus and whisper numbers.
UBER is looking at delivering a positive adjusted EBITDA in Q4. This is very good news.
Smart money is buying UBER after the earnings release.
For those following the Good Way, the Buy Now rating is ‘YES’ to scale in. Keep in mind that this is a seasonally weak period for the stock market. If the market drops, you will get an opportunity to buy UBER at a better price.
For those following the Best Way, the buy zone is 🔒 (To see the locked content, please take a 30 day free trial). UBER is trading at $44.49 as of this writing. Buy zones are designed for a 70% probability of a fill in the next 120 days.
UBER is a very long term core position.
The very long term target zone is $116 – $124.
The recommended quantity is 20 – 35% of full core position size.
Trade Around Position
The Trade Around position is a technique used by hedge funds and billionaires that can dramatically increase your returns and lower your risks. A signal for a Trade Around position is not being given at this time but there is a high probability of such a signal in the near future. To learn about Trade Around positions please see Trade Management Guidelines.
What To Do Now
Those in UBER stock may consider continuing to hold.
Those not in UBER stock may consider following the parameters given above.
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This post was just published on ZYX Buy Change Alert.
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