NYSE:LMND   Lemonade, Inc
Hello fellow traders and investors, here's another trade idea.
This is an update on my previous trade idea.

We're struggling to break out of this 99$ mark and if we see weakness in price action we could be heading back to 80$ but I'm feeling pretty good about it breaking out and heading to 110$.

Fundamentals: Lemonade , Inc. is an insurance holding company, which engages in the provision of home and renters insurance services. The firm also acts as an insurance agent that offers underwriting and claims services through its subsidiary. LMND has a P/S of 70.5 which indicates that LMND's valuation is overpriced, of course, they have a debt/equity of 0 since they are an insurance company, sales growth of -70% Q/Q, Earnings per share growth of 76% Q/Q and finally an ROI of -22%. Fundamentals aren't great except for the 0 debt/equity they have and the EPS growth Q/Q.

Rating: 95/100 the technicals are very good but the fundamentals aren't great however LMND is so oversold that I personally can't see it going lower then 80$.

I hope you enjoyed this quick analysis and many more to come.
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May 5th and low 80s. Where is the floor?
I think its going back to support
@elenchus1337 I think so too but it could possibly reverse at 90$ because there’s a small support there aswell
+1 Reply
elenchus1337 TradeTheTrends
@TradeTheTrends, Heard the saying sell in May? That's when its going back to support.
Do you think LMND will breakout or do you think we are heading back to 80$
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