Peloton hits record, and chart points to another 28% rally $PTON (via TradingNation)
"Following that breakout above $35, they're following a higher channel support, and I agree with Cowen — they don't face technical resistance until the $70s," he said.Gina Sanchez
, CEO of Chantico Global, says Peloton is not without it challenges. She sees increased competition as one main reason for caution. "It's not just facing competition from SoulCycle. It's is also facing competition from other bike makers like NordicTrack, Echelon, ProForm who are all forming their own studio offerings to help give a Peloton-like experience. They are a pioneer in this space but they're also opening up the space for a lot of competitors," Sanchez said during the same segment."Most people who start a gym membership in January will abandon it by May.
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