The bullish DailyPlay for Tuesday, August 11th is Peloton (PTON). PTON has experienced a 5.9% rally over the past month and its 1M trend turned bullish on July 20th and price has recently pulled back to provide an ideal long entry.
- Strong first mover advantage and global growth of over 90% this year
- Strong reoccurring revenue model with 92% of all subscriptions ever sold are still active.
- Earnings: Sep 10th (30 Days)
- A pullback to an area of support provides a good opportunity for a long position
- Both 1M and 6M trends are bullish
- Very strong relative strength, technical score (10 out of 10)