Ich bin gespannt.
Nach "the street" sind 33% leerverkauft:
Another potential earnings short-squeeze trading opportunity is wearable cameras developer GoPro (GPRO) , which is set to release numbers on Thursday after the market close. Wall Street analysts, on average, expect GoPro to report revenue of $577.01 million on earnings of 23 cents per share.
The current short interest as a percentage of the float for GoPro is extremely high at 33%. That means that out of the 101.10 million shares in the tradable float, 33.36 million shares are sold short by the bears.
From a technical perspective, GoPro is currently trending above its 50-day moving average and below its 200-day moving average, which is neutral trendwise. This stock has been uptrending strong over the last two months, with shares moving higher off its low of $8.54 a share to its recent high of $10.88 a share. During that uptrend, shares of GoPro have been making mostly higher lows and higher highs, which is bullish technical price action.
ADVERTISEMENT If you're in the bull camp on GoPro, then I would wait until after its report and look for long-biased trades if this stock manages to break out above some near-term overhead resistance at $10.88 a share with high volume. Look for volume on that move that hits near or above its three-month average action of 4.64 million shares. If that breakout triggers post-earnings, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $11.82 a share to $12.50, or even $13 to $14 a share. |