Mimo
Long

Running $FIT - Longer way to go

NYSE:FIT   FITBIT INC
$FIT has had a massive run right from when it hit the market. But it ain't over yet! The chart is bullish with a cluster of fibonacci retracement levels around $52.52 - $53. Fundamentals are solid too. Yes, $FIT trades at 98x trailing earnings, but it also boasts 209% yoy revenue growth and 441% yoy earnings growth. $FIT goes higher.

Price target: $52.50, 16% upside.

Disclosure: I am long stock and call spreads
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