GPRO Near Key Support

Mar 23, 2015

GPRO has been in a downtrend for over 5 months now. Its backed itself up into its key support line that dates back to the early days of this young stock's IPO. $37 is the area to watch for. If it fails, we will see new lows before we see new highs in GPRO. For confirmation of a reversal I'd like to see GPRO hold over $45. If GPRO can get over the $50 hump I would be very optimistic for the bulls. For a long term stock holding, one could take a speculative play here at 42, place a stop at 37 and see if GPRO can make a run at the ATH months from now.

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