Along with making the coolest cameras around, GPRO is the Swing Trade Stock of the Week. GPRO IPO’d last year and quickly reached $100 before pulling back hard all the way down below $40.
The stock has now regained it’s mojo, forming a bottoming formation and remounting the newly formed 200 day moving average after posting a strong earnings catalyst on heavy volume in last April.
Watch for a range to form above the 200 dma for entry. I will not enter below that level.
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