Unity Software advanced about 15% on Nov. 5 following its latest earnings report, even as the S&P 500 fell more than 4%, highlighting a sharp divergence from the broader market.
The move contrasted with the wider Nov. 5 selloff in U.S. stocks. Unity makes software for video game and interactive 3D development, along with advertising tools that help creators earn revenue from their work.
Jay Woods of Chase Games described a double bottom and noted that Unity had regained both moving averages before gapping above a bullish flag pattern. He said traders would watch for the stock to finish above $50 over several sessions.
