Peloton (PTON) – Virtual Fitness Explodes – August 11th, 2020

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.

Fundamental View

  • 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)

Technical View

  • 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)
 
 

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