GoPro Tanks

By Jim Van Meerten of Barchart.com
Thursday, October 30, 2014 6:41 PM EDT

Today I deleted GoPro (NASDAQ:GPRO) from the Barchart Van Meerten New High portfolio for extremely poor price momentum:

1 hour Chart:

Barchart technical indicators:

  • 31.10% off its recent high
  • Below its 20 and 50 day moving averages
  • Relative Strength Index 41.60%
  • Recently traded at 67.77 which is below its 50 day moving average of 70.50

Disclosure: None

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Comments

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Michele Grant • 9 years ago • Member's comment

This chart was before the earnings report.

Nick Punwani • 9 years ago • Contributor's comment

Doesn't really make sense. Everyone waiting for earnings was the reason for bad price momentum... Now they blew out the numbers!