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GoPro, Inc.

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GPRO trade ideas

Gopro nearing pivot level. Good time to get long?Gopro nearing pivot level at 14.00 If I was looking to get long, I would lean against 14.00 and stay long as long as that level holds. I would stop out under 12.00. The 20 level is the next obvious level of supply, but after that it is pretty open. Gopro has underwhelmed investors since going public, hence the steep slide. In my view, stock prices reflect the companies future earning potential weighed against expectations. As always, have a plan before you go into a trade. I always find a checklist useful. 1.Entry 2.Stop 3.Target 4.I am going long/short because X.... Writing things out will help you go back and evaluate your thinking.
NASDAQ:GPRO
by CalebDismuke
Ride the GPRO bandwagon?POOR FUNDAMENTALS, BUT VALUATION COMPELLING? It took a BUY rating from BAC, ahead of the much anticipated Karma drone product launch (conference due today) to propel the shares significantly higher, even though the company has been suffering from decreasing topline growth rates and an unprofitable business model. Will this trend continue? TECHNICALLY STRONG After the infernal descent of 2015, this year has mostly been one of consolidation for GPRO. Since the all-time low of mid May 2016, it has staged an impressive rebound (c. +80%) and it seems that the rounding bottom formation of 2016 is ending successfully, in a breakout to the upside supported by good volume and preceded by a golden cross. Today is the 3rd day of vertical upside on significant volume, suggesting some sustainability to this movement. Those tempted by further potential upside could initiate a partial position here and buy further on weakness all the way to $14.00. If the breakout is further confirmed, the upside potential from here could be substantial but given the recent outperformance, the trade should take time to unfold. Allow wide stop losses to give this trade some time. HOW TO TRADE THIS? Key levels on the downside: $15.00/14.50/14.30/13.50 Key levels on the upside: 16.25/20.00 Aggressive investors should use a 13.50 stop-loss (-14%) more cautious traders should use a 14.30 stop-loss Alternatively, buy a 21/10 OTM Call with a 19/20 strike and pay some 2% for unlimited potential upside
NASDAQ:GPROLong
by HAL9000
OPENING: GPRO OCT 21ST 13 SHORT PUTHere, I'm just trying to suck in a little bit of premium without being all in on the stock ... . (Filled for a .64 ($64)/contract credit). As usual, I'm selling the strike nearest 30 delta. I'm fine with getting assigned at 13 (after which I'd proceed to sell calls against), but would naturally prefer cheaper, so will keep an eye out for opportunities to roll down and out for credit and duration if I get a shot at it. Naturally, the Oct 21st expiry is around earnings, so that's something I'll have to keep in mind ... .
NASDAQ:GPRO
by NaughtyPines