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Peloton Interactive, Inc. Class APeloton Interactive, Inc. Class APeloton Interactive, Inc. Class A

Peloton Interactive, Inc. Class A

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1PTON trade ideas

$PTON making bullish signsI missed this stock last year but I think is giving me a second chance with this setup. Bullish divergence with the MACD, while making a head & shoulders pattern; that's a clear reversal sign for me. The price is on the path to making a great breakout. Price above the 200 day MA and the neck line of the head & shoulders pattern. And, would also be a breakout above a flag pattern. Also NASDAQ:PTON is a clear leader of the Leisure-Service Industry, being rank 2nd by IBD; just behind NASDAQ:CAR , and has a 79 Relative Strength rating. But that's against the market, I plotted the quotient PTON/LIV to see the relative strength against its industry and is being rising since the stock bottomed on early May. AMEX:LIV is an ETF that has +4% allocation of NASDAQ:PTON . With a buy near $128 I would have a sell target on $154 for a +20%. But, if everythng goes well and that target is reached, I think I would let it run a little further to the resistance level on $168 with a stop on breakeven. I will be counting the up days against the down days to verify that trade.
NASDAQ:PTONLong
by dpuleo19
$PTON Ready to Breakout?$PTON has been struggling lately but, I do see a few encouraging signs. 1. the pattern is tightening into a nice wedge. 2. volume is drying up. 3. seems to be getting support at the 50 Day SMA. The bad? 1. Getting resistance at the 200 Day SMA. 2. RS line is declining and 3. the 200 Day is flatish. However, if $PTON can give us a convincing close above both the short term declining trend line and over the 200 Day SMA I'll be looking to take a long position. All TBD. Ideas, not investing / trading advice.
NASDAQ:PTONLong
by jaxdog
$PTON LongPeloton is a fitness company that brings the feeling of community to at-home workouts. WHY BUY Peloton continues to command extraordinary growth and tremendous enthusiasm from over 2 million Connected Fitness subscribers. Controversy over a treadmill recall will fade over time but offers a compelling entry point. New initiatives point to continued dominance in home fitness as the company works toward its ultimate goal of 100 million members. Road to the profit the idea is two target (on blue). The second it's more hard because alway, the price, come to the first target and made a reversal move, so i recommend close the operation in the first target and wait for el pullback. Maybe this time it's a rocket and go direct to the second target, but in my stats this scenario occurs less than 10% and it's a 60% of probability to go until the second target. So i'll close on the first target and wait for the pullback and buy when the price be over the first target with a some patter of continuation because the first target will be a resistance.
NASDAQ:PTONLong
by ignaciotrades