Long Position on GPRO @ $63.50 on 7/31/2015 (Momentum)

Bullish Cup & Handle on GPROGoPro, Inc. (GPRO) develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing, and enjoying engaging content.

The company offers HERO line of capture devices, such as cameras; premium accessories, including battery BacPac, smart remote, and LCD touch BacPac accessories; and mounts comprising equipment-based mounts consisting of helmet, handlebar, roll bar, and grip and tripod mounts that enable consumers to capture content while engaged in a range of activities, as well as mounts that enable customers to wear the mount on their bodies, such as wrist housings, chest harnesses, and head straps.

It also provides other accessories that include spare batteries, charging accessories, cables to connect its GoPro cameras to televisions and monitors, video transmitters, external microphones, flotation devices, dive filters, and anti-fogging solutions, as well as accessories for the smart remotes.

In addition, it provides GoPro Studio, a video editing tool that allows users to create professional quality videos from their GoPro content; and GoPro App that allows users to easily and wirelessly manage, store, and share content from cameras to mobile devices.

GoPro, Inc. markets and sells its products through retailers and distributors, as well as through its Website in the United States and internationally. Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock.

 

52-Weeks Trading Range: $37.13 - $98.47

Entry Point: $63.50

Stop Loss: $60.00

Target Price: $70.00

Updates

8/12/2015 3:42:29 PM

GPRO closed at $56.75 after it fell below the stop loss.

Position closed on 8/12/2015 at price of $56.75 with a -10.63% loss in 12 days.

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