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Buy LYFT or UBER? Here’s the Answer

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

Ride sharing companies are extraordinary success stories, and there’s little wonder why: it’s the perfect app for mobile devices, and who among us doesn’t need a ride from time to time? But the progress, so far, of the two big firms is quite different.

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One the one hand, there is the gigantic UBER. Its chart is a complete dud, however. It seems to have reached a state of equilibrium swiftly, and it is just grinding along with diminishing interest.

Its scrappier competitor, however, is a beautiful little chart. LYFT, which I’ve mentioned weeks ago as a long idea, has broken out today in a very clean pattern. If one were to buy a ride share firm, I’d absolutely get LYFT before UBER.

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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