Fitness Brand Peloton Interactive Stock Earns 84 RS Rating; Shows Market Leadership

When looking for the best stocks to buy and watch, focus on those with rising relative price strength.

One stock that fits that bill is Peloton Interactive Cl A (PTON), which had its Relative Strength (RS) Rating upgraded from 80 to 84 Wednesday. The at-home fitness brand has been a bright spot in the stock market  during the pandemic shutdown, gaining more than 400% in 2020.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s unique RS Rating tracks technical performance by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.

Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating as they begin their biggest runs.

Looking For The Best Stocks To Buy And Watch? Start Here

Is Peloton Stock A Buy?

Peloton Interactive stock has pulled back during the recent market correction and is not currently offering a proper buying opportunity. See if the stock goes on to form a base that could spark a new run. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. For more chart analysis on this fitness brand, check out “Is Peloton Stock A Buy Amid Post-Covid Expansion Plans?”

Earnings growth rose last quarter from 0% to 190%, but the top line fell from 232% to 128%. The next quarterly numbers are expected on or around May 6.

Peloton Interactive Cl A holds the No. 1 rank among its peers in the Leisure-Services industry group.


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