What does the cryptic crossword clue "Perhaps Newcastle was going up and down and up (6)" mean?

This cryptic clue uses wordplay to arrive at the answer. Visit the page for progressive hints — definition, wordplay type, and a full step-by-step explanation.

Perhaps Newcastle was going up and down and up (6)

Guardian Cryptic #26198 | 5 Down | 2014-03-04 flower

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