GoPro (GPRO) is a newly issued stock – they only went public a few months ago – so there is not much in the way of chart history. However, the stock is starting to look sharp once again.
As you may recall, the IPO brought in some big buyers, and the stock surged up toward $50 only to fall post-earnings down to around $38. After it stabilized, the stock is once again on the move and only 5% below its all-time high.
With a great product and its first post-IPO holiday shopping season coming up, 2014 could bring a big year-end finish for GoPro. Furthermore, the chart is set up nicely here, with some recent buy signals in the MACD indicator. We added Oct 44 calls after nailing a big winner in August strikes.
