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Uber will report first-quarter results before Wednesday's opening bell.
Jay Woods identifies $70 to $72 as strong support levels for Uber shares.
KEY POINTS
- Woods believes any dip toward $70 to $72 presents a buying opportunity for Uber.
- A rally above $78 could push Uber shares toward its $85 200-day moving average.
- Uber shares ended a six-month losing streak, rebounding nearly 4% in April.
- Palantir Technologies is also being closely monitored by Woods due to heightened strategic interest.
COMPANIES
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