Plus Tick

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Dictionary Says

Definition of 'Plus Tick'

A price designation referring to the trading of a security at a price higher than the previous sale price for the same security.

Also known as an "uptick".
Investopedia Says

Investopedia explains 'Plus Tick'

There are several rules regarding the tick status of a security which affect the type of trade orders that are permissible for that security at a specific moment in time. For example, short sale orders can only be executed on a plus tick or a zero plus tick (a transaction at the same price as the preceding trade, but at a higher price than the last different trade).

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