Is GoPro Topping Or Ready To Go?
InTheMoneyStocks.com | Sep 10, 2014 03:55PM ET
Note Wednesday's GoPro (NASDAQ:GPRO) chart. On Tuesday it made a high above $68.25, hitting an early intra-day high Wednesday of $67.90. As long as GoPro cannot make a new high, the top should be in.
Fast And Furious
Once sellers take over, expect a fast and furious drop back into the mid $50s. Lower highs -- or basically the inability to make a new high -- speaks for itself. Remember, this stock has run from $38 to above $68 in a matter of weeks. Overbought is not a question. The only unknown is whether or not GoPro (NASDAQ:GPRO) is topping or has more upside. If it can't make a new high above $68, the top should be in.
Watch and see because that's how great investors/traders operate.
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