We last looked at Lemonade (LMND) back on January 13 and wrote that "With a stock that has tripled in so short a time and could be making a spinning top pattern, a more seasoned trader would probably be wise to take profits and maybe even take a trading vacation."
Prices have made a significant decline so let's check things out again.
In this updated daily Japanese candlestick chart of LMND, below, we can see that prices have been tumbling lower since the middle of January. Prices have given back the bulk of the gains from early November. LMND is trading below the declining 50-day moving average line and the declining 200-day line. The 50-day line is close to crossing below the 200-day line for what is commonly called a dead or death cross. This is a math-driven sell signal that is typically late.