Business Chart of the Day: Uber vs. Lyft

Business Chart of the Day: Uber vs. Lyft
A rideshare driver displays stickers for rideshare companies Uber and Lyft in Los Angeles on Aug. 6, 2020. Robyn Beck/AFP via Getty Images
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Shares of Uber Technologies, Inc. and Lyft, Inc. may be about to move, but for different reasons.

Uber has dropped to support. At support levels, there is a large concentration of buyers looking to pay the same price for shares. This is why sell-offs end when they reach them.