Lyft Stock's Pullback May Not Be As Bad as It Sounds Lyft's recent slide has investors on edge, but a closer examination of the numbers reveals a trendline that's historically bullish.
According to Rocky White, Schaeffer's Senior Quantitative Analyst, the company's current price is near its 126 day moving average.
The moving average is a way to smooth out short term market fluctuations, giving traders a better sense of the stock's underlying trend. In Lyft's case, the pullback has it hovering around $14. 85, just 0.