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Used in the context of general equities. Trade occurring at a price higher than the previous sale. Uptick. Antithesis of minus tick. See: Short sale.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
On an exchange, a transaction in which a security was traded at the higher price than its previous trade. Some regulations and rules on exchanges only permit certain transactions following an uptick or a zero-plus tick, though some, such as the short sale rule, have become obsolete with increased digitalization of the market. An uptick is also called a plus tick.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.