Unity Software provides developers with tools to create video games and interactive 3D experiences, along with advertising solutions. After a prolonged period of difficulties, the stock rebounded following last week’s earnings, gaining roughly 15% on Thursday while the S&P 500 fell more than 4%. The technical analysis shows a double bottom, a recovery above the 50-day and 200-day moving averages, and a breakout from a bullish flag, although the shares still need to remain above $50 for several consecutive sessions. Jay Woods sees a rally toward $60 in the near term and $80 within three months, favoring an entry on a pullback toward $45 with an invalidation level at $42.
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