• Return to Headlines

Gopro Inc-Cl A Set to Possibly Pullback After Yesterday's Rally of 36.54%

By David Diaz

Gopro Inc-Cl A (NASDAQ:GPRO) traded in a range yesterday that spanned from a low of $4.52 to a high of $5.03. Yesterday, the shares gained 36.5%, which took the trading range above the 3-day high of $4.62 on volume of 6.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Gopro Inc-Cl A share prices have moved between a 52-week high of $7.64 and a 52-week low of $3.25 and are now trading 53% above that low price at $4.97 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for Gopro Inc-Cl A and will alert subscribers who have GPRO in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders gopro inc-cl a

Ticker(s): GPRO