20-day Technical Downside in GPRO
Long-term indicators that indicate downside in GPRO:
+ Extremely expensive valuation from any way you look at it (sales, earnings, FCF, book)
+ Horrible business quality - high earnings accruals, high debt/dilution, low depreciation to CAPEX
+ Smart money is bearish (high short interest, company insider selling)
Links to academic papers that our TA quant model is based on:
1. papers.ssrn.com/sol3/papers.cfm?abstract_id=165646
2. papers.ssrn.com/sol3/papers.cfm?abstract_id=1969328
+ Extremely expensive valuation from any way you look at it (sales, earnings, FCF, book)
+ Horrible business quality - high earnings accruals, high debt/dilution, low depreciation to CAPEX
+ Smart money is bearish (high short interest, company insider selling)
Links to academic papers that our TA quant model is based on:
1. papers.ssrn.com/sol3/papers.cfm?abstract_id=165646
2. papers.ssrn.com/sol3/papers.cfm?abstract_id=1969328
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