Beautiful setup in the last hour of yesterday's trade. Meeting resistance.
IF ONLY THIS $FIT IS ALREADY IN YOUR PORTFOLIO, THEN PROCEED. OTHERWISE YOU NEED TO WAIT FOR ER. I already have $FIT in our portfolio, So maybe after ER, I'lll decide to sell far month call. Possibly, FEB17 13 strike @ $2.55 and close it @ 1.77 which 5% ROI. so you can cover your losses here. Fundamental are not good for new entry. Technically it is...
Please check relevent link below....
With continued surprises in Fitbit earnings, and a P/E growth ratio of 0.6, this stock is several undervalued...why? With the increasing pressure of competitors in the market, and the backlash from investors over the Blaze announcement, Fitbit's stock has continued to tumble. However, is this finally the upward trend in the stock that has the highest market...