Peloton stock triggers bearish head-and-shoulders pattern as BofA analyst says stop buying
May 06, 2021 at 14:34 PM EDT
Shares of Peloton Interactive Inc. bounced Thursday off an eight-month low ahead of the at-home-fitness company's fiscal third-quarter results, but the technical damage may have already been done with the formation of a bearish head-and-shoulders chart pattern.