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GOPRO INC.

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GPRO trade ideas

GoPro Inc (NASDAQ:GPRO) Shares Going To The Moon?Shares of GoPro Inc (NASDAQ:GPRO) are moving up nicely to the tune of around 7% today. The camera and accessories/social media company, is up today as a brokerage firm has initiated coverage on it. GoPro Inc (NASDAQ:GPRO) has been on a tear ever since its stock began trading in the open markets back on June 26. This equity is up well over 100% from its low of $28.65 on opening day, giving investors and traders an amazing return in less than 3 months! So with this tremendous run up, one might think its time to take profits and they would not be wrong, as it would be the prudent thing to do. However, as a technical trader who looks at charts for a living, I think there actually could be some more upside to come. On the chart below I have used symmetry as a basis for calculating a target for GpPro stock. And I am coming up with $71.15 as the area where this equity could go. I have also used a proprietary calculation (which has uncanny accuracy) and it is giving me a reading of roughly the same level. So while I am not advocating a long trade here, I am giving traders/investors an area where this stock could be headed and potentially shorted. Keep this level and chart on your radar in the coming days and weeks to profit from. If you only read one email again, make sure it comes from the Elite Round Table. Our FREE market emails contain information that can actually make you money. Ask yourself, what email have you read that can do that? Answer = none. Join our list here. Parm Mann Elite Round Table Follow me on twitter: @ParmMannTrader
NASDAQ:GPRO
by Parm
GoPro Precise Target And Short Level $GPROGoPro Inc (NASDAQ:GPRO) is on an amazing run again today. This is the third day in a row this stock is surging. Where is the top? Where is GoPro Inc going to be a high reward, low risk short? The answer is revealed by using a method called symmetry of moves. Please note the chart below. This chart shows that when GoPro Inc came public, it had a $21.20 move higher before pulling back. The pull back lasted for a few months before breaking out recently. The way you calculate the target and short level is by taking the low of the pull back, just prior to the recent breakout, then, add the same amount as the first move (+$21.20). This gives you the symmetry of the move and ultimately high target/short level. The target on GoPro Inc is $58.40. Gareth Soloway Chief Market Strategist www.InTheMoneyStocks.com
NASDAQ:GPROShort
by InTheMoney_Stocks