Lemonade Stock Due for a Short-Term Bounce
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Lemonade Inc (NYSE:LMND) stock, which peaked at $99.90 in January, is currently testing support levels around $70. Analysts suggest a potential short-term bounce, as LMND has historically risen 67% of the time after similar technical signals, with an average gain of 14.2%. The stock's current price is $69.50, and a move to $79.36 is projected. Additionally, high short interest and analyst ratings indicate potential for upward momentum.
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