Upstart Holdings stock breaks out, signaling a bullish trend reversal and potential new uptrend.

Upstart Holdings (UPST) stock has broken out of a long-term downtrend by surpassing a symmetrical triangle pattern and key moving averages, signaling a bullish trend reversal. The breakout was confirmed with a rise above $35.80, reaching a 20-week high of $36.90, indicating renewed buyer interest after a significant decline earlier this year. Key support near $34 is critical for maintaining this momentum, with upside targets including the 200-day moving average near $38.92 and resistance levels up to $46.08. The stock's behavior during its first pullback will be crucial to confirm if this breakout leads to a sustained uptrend.