Long
FITbit Accumulation
On Feb 4 someone forced FIT over the resistance at $6.30 on 3x normal volume. Since then the market has come down, while FIT has posted gains every day.
In the morning they tend to let it go lower, presumably to throw momentum players off. This is a good time to get in.
Last quarter FIT posted .04 EPS on an expected -.01. CEO suggested this quarter would be .07 EPS. Fourth quarter earnings will be out on the 25th or 26th.
In the morning they tend to let it go lower, presumably to throw momentum players off. This is a good time to get in.
Last quarter FIT posted .04 EPS on an expected -.01. CEO suggested this quarter would be .07 EPS. Fourth quarter earnings will be out on the 25th or 26th.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.