In trading, the term up tick or uptick refers to a purchase or sale of a security or asset which is transacted at a price higher than the price at which that asset was last traded.
Example: A fine ounce of gold is sold on a gold exchange for 1234.50 Swiss francs. The next time a fine ounce of gold is sold on the same exchange, it is sold at 1235 Swiss francs, resulting in a 50-centime uptick in the market rate.
See also: Downtick
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