The charts and indicators of BC suggest further gains are possible.
I'm focused on the short-term picture for a trade here.
It's hard to say this will be a hole in one, but ELY appears like it will work higher and a breakout over the highs of 2018 will be possible.
Prices could break out on the upside for further gains but right now I think a pullback of some degree is in order.
In the past two weeks PLNT has weakened and closed back below the declining 50-day moving average line.
Will yoga pants sales slip if gym classes do not return to previous levels?
This is a name I think traders need to be in before sports actually get going if they want to catch the biggest portion of the short-term upside.
PTON is part of Jim Cramer's Covid-19 index.
PII may have a good long-term story but right now the charts don't recognize it.
PLNT could use its own personal trainer as the charts show lower lows likely -- now you have a real excuse to avoid the gym.