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  • Writer's pictureTLivingstonBlog

Lyft-A Stock To Watch As The World Reopens

Rideshare giant Lyft is a stock I'll be watching in the coming weeks and months as the world starts to reopen from the COVID-19 pandemic. As restrictions are lifted and the weather heats up, the majority of people will be looking to make up for lost time. This means more demand for transportation, especially for rideshare companies like Uber and Lyft.

From a technical standpoint, Lyft is forming a huge base on its' weekly chart. I really love the accumulation that is all over this chart. I'm still a little hesitant with the market as breakouts have been failing over the past month or so. However, Lyft is on top of my list as a stock to buy should the market give a clear indication that conditions are bullish for growth stocks.

Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.


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