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PELOTON INTERACTIVE

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1PTON trade ideas

PTON, LAST CHANCE!Hello fellow traders and investors, here's another trade idea. PTON has recently pulled back to the support area, if PTON makes a full recovery it offers around a 45% ROI. Technicals: The Macd indicates that it's oversold and now in an uptrend The EMA's are in a downtrend The RSI is oversold When To Buy: When EMA's crossover. When To Sell: I recommend selling at its previous high offering around a 45% ROI. Fundamentals: PTON operates as an at-home fitness platform for live and on-demand indoor cycling classes. The company connected, technology, fitness, and the streaming of immersive, instructor-led classes for its clients. Peleton was made for busier individuals that want to go to the gym but Peleton makes the experience much better by for example reducing the commute, offering an in-home fitness session while still having an amazing instructor. Peloton has a P/E of 226 which definitely isn't great however there is a good reason for that and it's because of their growth in sales of 128% Q/Q, an earnings per share growth of 192% Q/Q this growth can explain their valuation since the investors in this scenario are pricing this stock on what it will potentially be worth in the future, a short float of 6% and unfortunately they still have an ROI of -5%. Rating: 70/100 the technicals are good but I don't like when the companies valuation is based on their future potential results however they do have amazing growth and a good business model so they deserve 70/100. I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow, comment your thoughts and share this trade idea. Thanks.
NASDAQ:PTONLong
by UnknownUnicorn11084119
1
Short term may bounce but bearish long term Short term I think this can see a bounce to the 133/134 area. I would be running a tight stop if it makes it there but this is a covid play. Also lots of competition heating up some with much more recognized names like nordictrack. I see no choice for this to fall back to that 32 area on the correction that will be coming to deflate these very overvalued prices on everything currently. Correction will take it down to 32 and I would then take a long and long term position (months) and work with the chart from there. New highs. Probably but not from here. This stock has little to offer except to day traders.
NASDAQ:PTONShort
by CJS04
High Probability Trade - Potential 20%+ UpHi traders, this is my first idea ever on Peloton even though I have been watching it for months but never had the guts to buy it considering how far it ran already. The selling pressure on this stock was heavy in recent weeks until it found support around $94 which was the support back in November 2020 making it a double bottom. The stock then recovered and managed to break above the short term down trending line and close the week above it (purple color in chart). This should give us confidence to enter long trades targeting the 50 DMA ultimately in the coming weeks. There are milestones in between to take partial profits derived from the Fibo retracements and support/ resistance levels. You may enter the trade on market opening and target the following: - TP1 @ $126 - TP2 @ $132 - TP3 @ $140 This gives us potential 20%+ trade with low risk. Stop loss can be placed below $100 as per your risk management. I suggest closing all positions around the final target at $140 as there is a probability the stock would form a H&S pattern if rejected from the area meaning the stock can potentially fall hard and break the $94 support in the coming months. Please share your thoughts in the comments. Thanks for the support!
NASDAQ:PTONLong
by Zaitermo