Still going down.My conservative play is only 2.34% to a common support level. Historical when the VI (negative) breaks above this level, the stock drops an average of 15.12% over the next few weeks. The minimal move is 1.25%. Fortunately or not, there is not much room to drop. Holiday shoppers are most likely looking for deals and the price tag on GPRO products...
After having gone through my usual routine of screening for high implied volatility rank/high implied volatility underlyings for plays this coming week, one thing stands out: the implied volatility is in petro, with stocks like CHK, SDRL, WFT, PBR and the like rounding out my top 10 IV list.* With OPEC talks approaching here, and "friskiness" in petro-based...
Negative news regarding operational manufacturing issues at GPRO have brought the stock down more than 20% in 2 days. The stock currently looks majorly oversold, as the market discounts a disappointing XMas season ahead and less than satisfactory Karma drone sales. This looks overdone. betting on short-term rebound as shorts take profits. Buy at the market with a...
GPRO is currently correcting the recent advance, pulling back to support where we can go long, aiming to capture a rapid move to the upside after earnings are out. I'm sure the HERO5 listing problems with AMZN will be resolved soon, restoring investors' confidence in the company's revenue. (AMZN sales correspond to 14% of the company's profit) Risking 0.5-1% here...
$GPRO - short setup (hourly chart) - DayTrade
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...
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...
NASDAQ: GPRO saw a massive jump on last Friday and Monday. However, I would expect the stock to level back out at around 14.14, or lower. Due to the fact that GPRO has achieved passed its resistance level. In such case I would hold off with selling or buying and waiting until the next spike which will probably be within the next month or so. Also I would watch...
NASDAQ:GPRO is expected to have a potential bullish run on Monday September 19th, with the anticipation of GoPros new Karma drone to release. I would consider this stock for the week of the 19th, expecting it to rise to about 14.14 (at its next resistance level). Check it out.
NASDAQ:GPRO Safe Trades;
Here, 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...