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Shares of Gopro Inc-Cl A Fall to a New 52-Week Low

By David Diaz

Gopro Inc-Cl A (NASDAQ:GPRO) traded at a new 52-week low today of $3.98. This new low was reached on below average trading volume as 428,000 shares traded hands, while the average 30-day volume is approximately 4.4 million shares.

Gopro Inc-Cl A (NASDAQ:GPRO) has potential upside of 32.8% based on a current price of $3.98 and analysts' consensus price target of $5.29. Gopro Inc-Cl A shares should first meet resistance at the 50-day moving average (MA) of $5.34 and find additional resistance at the 200-day MA of $5.67.

GoPro, Inc. develops and manufactures wearable and gear mountable cameras along with related accessories. The Company's products are designed for use in activities ranging from action sports to professional videography. GoPro also offers mobile applications and software to enable users to edit, manage, and share their photo and video files.

Over the past year, Gopro Inc-Cl Ahas traded in a range of $3.98 to $7.64 and are now at $3.98. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 2.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Gopro Inc-Cl A on June 7th, 2019 by issuing a Downtrend alert when the shares were trading at $5.89. Since that call, shares of Gopro Inc-Cl A have fallen 30.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows gopro inc-cl a

Ticker(s): GPRO