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Wajeeh Khan

Uber Stock Just Broke Above Its 50-Day Moving Average. Should You Chase the Rally?

Uber Lucid Lucid Group

Uber Technologies (UBER) is inching higher on April 15 after announcing a landmark $10 billion commitment to its robotaxi strategy, headlined by an expanded deal with Lucid Group (LCID).

As investors cheered the firm’s 35,000-vehicle purchase agreement and a $500 million investment in Lucid, UBER rallied past its 50-day MA, signaling a bullish shift in the near-term momentum.

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