Potential GoPro Trade?

By | March 24, 2015

Shares of GoPro (GPRO) broke above a long term uptrend line last week and moved above their 20 day moving average. The stock has been in a severe downtrend for the last four months, making a well-defined series of lower highs and lower lows, and until that dynamic changes the downtrend remains intact. But there has been slight improvement in price and money flow momentum, and with a 37% short interest in the stock, a bounce could see some traction.

3324.GPROchart

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