Peloton Stock Price Levels to Watch After Upbeat Earnings, Naming of New CEO

Key TakeawaysPeloton shares were down sharply Friday, giving back a chunk of the near-30% gain recorded yesterday after the fitness equipment maker announced a new CEO and reported better-than-expected results.The stock has trended higher after forming a double bottom, with the price staging a breakaway gap yesterday following the company’s upbeat earnings. However the relative strength index warns of extremely overbought conditionsInvestors should watch important resistance levels on Peloton's chart around ...