GoPro, Inc. (GPRO) Stock | New Apple Watch Features On GoPro App

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GoPro, Inc. (NASDAQ: GPRO)

GoPro, Inc. (GPRO), a hardware and software solutions company that makes it easier for the user to enjoy and engage content yesterday released new apple watch features on its GoPro App. The GoPro App allows for control of your camera right from your watch. The new features allow you to preview shots, start / stop record, change capture modes, and add HiLight Tags to videos.  

GPRO Technical Analysis

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GPRO gapped up in price Thursday to $17.25, up from the prior day’s close of $16.89, which is a 2% increase on the favorable news. Taking a look at the daily chart, we can see the last time GPRO traded at this price level was on December 8th, when it traded at $17.58. Taking a closer look at the daily chart, we can see that GPRO has been on an overall decline dating back to August 10th when it traded at $64.74. The next possible resistance level for this move up would be $20, which was last reached on December 2nd. GPRO does have a float of 65.85 million shares and was trading 2 times the normal daily trading volume. GPRO did reach pre market highs of $17.69, but gave back $0.44 at the open, or equivalent to 2%. For trading purposes, my entry point would have been $17.35 looking for a run to $18. My stop loss would have been $17.15, fearing anything below that and the stock would start to fill in the gap up.

About GoPro, Inc.

GoPro, Inc. develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing, and enjoying engaging content. The company offers HERO line of capture devices, such as cameras; premium accessories, including battery BacPac, smart remote, and LCD touch BacPac accessories; and mounts comprising equipment-based mounts consisting of helmet, handlebar, roll bar, and grip and tripod mounts that enable consumers to capture content while engaged in a range of activities, as well as mounts that enable customers to wear the mount on their bodies, such as wrist housings, chest harnesses, and head straps. It also provides other accessories that include spare batteries, charging accessories, cables to connect its GoPro cameras to televisions and monitors, video transmitters, external microphones, flotation devices, dive filters, and anti-fogging solutions, as well as accessories for the smart remotes. In addition, it provides GoPro Studio, a video editing tool that allows users to create professional quality videos from their GoPro content; and GoPro App that allows users to easily and wirelessly manage, store, and share content from cameras to mobile devices. GoPro, Inc. markets and sells its products through retailers and distributors, as well as through its Website in the United States and internationally. The company was formerly known as Woodman Labs, Inc. and changed its name to GoPro, Inc. in February 2014. GoPro, Inc. was founded in 2004 and is headquartered in San Mateo, California.  Yahoo Finance

 

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