Fitbit Inc (FIT)
Speculation & Technical Analysis
• Support seems to hold at 13.7s
• Could be a possible short for the week if support breaks 13.7s (sell at 13.20s, < .5/per share profit)
• Friday 4/1/16 forms consolidation breakout, could see reversal
Fitbit Analysis
• Down 70% since August
• Market could grow by 40% in three years, Ladenburg Thalmann
• Revenue grew more than 250% year-over-year
• Support seems to hold at 13.7s
• Could be a possible short for the week if support breaks 13.7s (sell at 13.20s, < .5/per share profit)
• Friday 4/1/16 forms consolidation breakout, could see reversal
Fitbit Analysis
• Down 70% since August
• Market could grow by 40% in three years, Ladenburg Thalmann
• Revenue grew more than 250% year-over-year
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