Unity Shares Rose About 15% After Earnings as S&P 500 Fell More Than 4%

Unity Software shares rose about 15% on Thursday, Nov. 5, after its latest earnings report, while the S&P 500 fell more than 4%, making the stock a standout amid the market decline. In a Monday chart analysis, Jay Woods with Chase Games said Unity had formed a double bottom, recovered its 50-day and 200-day moving averages, then gapped above a bullish flag pattern. He said the stock’s next technical test was $50. “The last hurdle is to clear this $50 level and close above it for a few consecutive days,” Woods wrote. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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