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Peloton Stock Chart Alert: Topping Tail

Shares of Peloton Inc (PTON) may be finally putting in a major pivot top. The stock is reversal early gains, after it tagged a new all-time high of $135.31. It is now negative trading near $130.00 by mid-day. This brings up a huge Peloton stock chart alert. The technical formation of a topping tail. A major top signal for any chart, especially one that has seen the epic rise that Peloton has seen. Considering that Peloton has rallied from $17.75 in March 2020 to its high today of $135.31 with no major pull backs, it is long overdue for a correction. Based on this Peloton stock chart alert today, the topping tail may be signaling it has started. A massive drop to $98.00 is likely.

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