$FIT losing a near-term ~$17 opportunity? Or are the sellers exhausted?
Beautiful setup in the last hour of yesterday's trade. Meeting resistance.
IF ONLY THIS $FIT IS ALREADY IN YOUR PORTFOLIO, THEN PROCEED. OTHERWISE YOU NEED TO WAIT FOR ER. I already have $FIT in our portfolio, So maybe after ER, I'lll decide to sell far month call. Possibly, FEB17 13 strike @ $2.55 and close it @ 1.77 which 5% ROI. so you can cover your losses here. Fundamental are not good for new entry. Technically it is...
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With continued surprises in Fitbit earnings, and a P/E growth ratio of 0.6, this stock is several undervalued...why? With the increasing pressure of competitors in the market, and the backlash from investors over the Blaze announcement, Fitbit's stock has continued to tumble. However, is this finally the upward trend in the stock that has the highest market...
$FIT has had a massive run right from when it hit the market. But it ain't over yet! The chart is bullish with a cluster of fibonacci retracement levels around $52.52 - $53. Fundamentals are solid too. Yes, $FIT trades at 98x trailing earnings, but it also boasts 209% yoy revenue growth and 441% yoy earnings growth. $FIT goes higher. Price target: $52.50, 16%...