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Lyft Clears Technical Benchmark, Hitting 80-Plus RS Rating

One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Lyft (LYFT) now clears that threshold, with a jump from 79 to 83 Wednesday.




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s proprietary RS Rating tracks technical performance by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.

Over 100 years of market history reveals that the market’s biggest winners typically have an 80 or higher RS Rating as they begin their biggest climbs.


Looking For The Best Stocks To Buy And Watch? Start Here


Lyft is trying to complete a consolidation with a 68.38 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.

Although earnings and sales growth came in at -9% and -36%, respectively, in the latest report, that marked two straight quarters of improvement for earnings and three for revenue.

Lyft holds the No. 15 rank among its peers in the Leisure-Services industry group. Inspired Entertainment (INSE) and Endeavor Group (EDR) are also among the group’s highest-rated stocks.

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