Lemonade (LMND) Recently Broke Out Above the 20-Day Moving Average
LMNDLemonade(LMND) Zacks Investment Research·2024-05-14 22:35

Lemonade (LMND) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, LMND broke through the 20-day moving average, which suggests a short-term bullish trend.The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short-term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signals than longer-t ...