Lyft (LYFT) Recently Broke Out Above the 20-Day Moving Average

Core Viewpoint - Lyft (LYFT) shows potential as a stock pick due to its recent technical performance and positive earnings estimate revisions [1][2] Technical Analysis - Lyft has surpassed the 20-day moving average, indicating a short-term bullish trend [1] - The stock has gained 19.8% over the past four weeks, reflecting strong momentum [2] Earnings Estimates - No earnings estimates have been lowered in the past two months, with one estimate raised for the current fiscal year [2] - The consensus earnings estimate has also increased, reinforcing the bullish outlook for Lyft [2] Investment Sentiment - Lyft is currently ranked a Zacks Rank 3 (Hold), suggesting that the stock could continue to rise [2] - The combination of positive earnings revisions and technical indicators makes Lyft an attractive option for investors [2]