$PTON Possible Swing Idea | Not Financial Advice
Swing trade possibility. The RSI is below 50 for #PTON. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 88.044 and 101.7626).
Earnings coming 11/4, so be aware.
It held the previous May lows around that $81 range, still consolidating, but looks like it could pop higher to $100-$105.
If it breaks down, bail under $85 for a small loss. Be careful with earnings.
Not financial advice, just sharing what I see. Just a possibility.
Cheers! -E
Earnings coming 11/4, so be aware.
It held the previous May lows around that $81 range, still consolidating, but looks like it could pop higher to $100-$105.
If it breaks down, bail under $85 for a small loss. Be careful with earnings.
Not financial advice, just sharing what I see. Just a possibility.
Cheers! -E