Peloton's Golden Cross: A Short-Term Sprint Or Long-Term Ride?

Peloton Interactive Inc PTON stock just hit a major technical milestone — the Golden Cross.While the stock has been down 10.40% year-to-date, it’s up 10.49% in the past month and this bullish crossover signals the potential for more upward momentum.A Golden Cross Workout For PTON StockThe Golden Cross occurs when a stock's 50-day moving average crosses above its 200-day moving average, and for Peloton, that's exactly what just happened. Chart created using Benzinga ProAt a current price of $5.40, Peloton’s ...