Stock Of The Day: Is This The Bottom For Lyft?

Lyft, Inc. (NASDAQ:LYFT) continues to trade lower on Thursday. The stock dropped by more than 15% yesterday after reporting its earnings.It is oversold now, and it is also at support. These can be bullish dynamics, which could set the stage for a move higher. This is why Lyft is the Stock of the Day. • Lyft shares are retreating from recent levels. Why are LYFT shares down?The bottom part of the chart is the Relative Strength Index (RSI). It is a popular tool used by traders to determine if a stock is overb ...