Downloading...
Peloton Interactive, Inc.
Updated

Cup and Handle

162
It is a bit difficult to buy much of anything today )o: or yesterday or the day before. Good day has to be coming soon!

This is not my favorite stock in the market, but lots really like it. They say sometimes trading one of your least favorites can be a good thing. I just have trouble hanging if I do not believe in the stock. I have regretted this notion before though.

Revenue seems to be up every quarter. PE is 726ish )o: So I guess this one is supposed to grow in to that PE ratio? Or someone thinks everyone will own the treadmill by Christmas. Dunno.

Negative volume is high meaning smart money interested. Smart money can leave dumb money left holding the remote control with dead batteries in it as well, so just something I look at, but not the only thing by a long shot.

Short interest is low.
Cup is 44.32 deep.

Small gap at handle low that could serve as strong support.

No recommendation
Note
Throwbacks are different than pull backs and can hurt performance.
Note
In general I prefer a yearly verses an Intra-year cup and handle pattern. When you use an intra-year C&H, there is still so much R overhead. Cup and handle patterns that beat an all time high, which is sometimes also the yearly high, are my favorite to trade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.