Peloton (PTON) shares pulling back to the 55-EMA recently and finding support on 8/2, closing near the highs despite a broader market selloff. A move above $124/$125 and a high-volume node sets up for a multi-week breakout and run to $140. PTON can also make a more sustained run on a breakout with MACD back near zero and turning higher while RSI is above 50 and plenty of room for expansion.