Shares of Peloton Interactive (PTON) jumped higher Wednesday after the exercise equipment firm reported, according to TheStreet, "a wider-than-expected second quarter loss but noted that its subscription business outpaced hardware sales as the group's turnaround continues to gather momentum."
Nautilus Inc. (NLS) is another equipment maker and its shares also posted a big price jump on Wednesday.
Let's give these two names a workout on the charts and indicators. Some healthy competition is good.
In the daily bar chart of PTON, below, I can see that the shares moved sideways from June. Recently, prices firmed with a higher low in December and a recent new higher high to establish a short-term uptrend. The shares are above the 50-day and the 200-day moving average lines -- more from moving sideways than from rallying strongly.
The trading volume looks like it has been more active since September. The On-Balance-Volume (OBV) line shows a rise from October. The Moving Average Convergence Divergence (MACD) oscillator has spent some time above the zero line starting in November.