UONE Stock Price: Urban One Inc Class A rallies to the $26.00 area

UONE trades on a firm note near the $26.00 mark on Friday.
US markets slip back into the red territory following Thursday’s gains.

Pablo Piovano FXStreet

Shares of Urban One Inc. have opened the last session of the week on a strong note, managing to advance to the boundaries of the $26.00 yardstick.

In the meantime, UONE looks well supported around the $20.00 mark so far (Wednesday’s low), all amidst the consolidative attempt following the sharp pullback from the $54.00 area recorded last week.

On the broader scenario, US markets are giving away some gains following Thursday’s positive price action, with coronavirus concerns always in the centre of the debate.

UONE Stock Chart

At the moment, UONE is advancing 15.77% at $25.49 and a surpass of $31.22 (high Jun.22) would aim for $40.00 (high Jun.16) and finally $54.16 (2020 high Jun.19). On the other hand, the next down barrier is located at $18.10 (weekly low Jun.22) seconded by $5.20 (55-day SMA) and then $2.85 (200-day SMA).

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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