Peloton (PTON.US) stock jumped over 6% on Monday after the exercise-equipment producer announced that by the end of this year will install its bikes in all 5,400 Hilton (HLT.US) hotels in the U.S. Hilton Honors members will also have an option to obtain a 90-day free trial of Peloton's app. Company also said last week that its bikes, treadmills and other hardware would be sold in Dick’s Sporting Goods stores.
Peloton (PTON.US) stock erased early losses and bounced off fresh all-time low at $6.70 following today's news. If buyers will manage to uphold current momentum, upward correction may reach local resistance at $7.70, which coincides with 23.6% Fibonacci retracement of the last downward wave. Source: xStation5
