Hello fellow traders and investors, PTON is one of my favorite stocks I'm watching since there is a very high ROI potential, and in my opinion, this is a great company that has grown its revenue each quarter and I'm looking at this more as an investment since I believe this company is set to grow much more. Since their valuation is very rich sitting at around 279 for the P/E and 13.8 for P/S I think I'm only going to make this a shorter-term investment.
Technicals:
Technicals:
- The Macd indicates that PTON is oversold
- The EMA's indicate that PTON is still in a downtrend
Fundamentals:
As I said before their valuation is expensive. They are growing revenue each quarter and this is a sign of a good company so I do think their valuation will stay expensive in the short term and that's why I'm thinking of taking a shorter-term trade.
When To Buy:
(Daily Timeframe)
- When the Macd crosses its EMA
- When the EMA's crossover
When To Sell:
There are two options on where to sell. The first option is to sell at its previous high which offers around a 25% ROI. The second option is to sell at the upper trendline which is around a 35% ROI.
Hope you enjoyed the analysis and many more to come.
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