Stage 1 in Ridesharing 🚗
3 min readOct 21, 2022
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$LYFT and $UBER are breaking out
Some quick notes about two nice setups from ridesharing companies $LYFT and $UBER. Just a reminder that if you want to get these picks in real time, be sure to follow the SpockTradez Twitter account:
If you’re using my custom scans, you’ve now doubt been seeing both $LYFT and $UBER showing up in the results. With the market (and the world) being as volatile as it is right now, the safer play is to wait for a confirmed Breakout.
As you can see from the above charts, the 5 EMA has crossed above the 20 SMA for $LYFT today (yesterday for $UBER). One thing to note, is that $LYFT is farther before the 200 SMA, the stock is really beaten down, which means potentially more upside.
Here are the price targets according to TipRanks:
And the Morningstar analysis:
