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With a P/E ratio of 840, I think we can all agree that Peloton (NASDAQ:PTON) is a richly-valued creature. The market seems to have embraced the thought that:
Of course!
I’d like to suggest these charts, and the accompanying indicators, indicate otherwise:
The price gap:
The bearish PSAR and near top of Bollinger range:
The moving average crossover:
The overarching conclusion?
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