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Old 01-10-2017, 09:19 PM   Nav to Top  #1
AnnabelleTrader
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Default Short Squeeze: GoPro Inc Ready To Surge Because Of These Signals

Shares of GoPro Inc (NASDAQ:GPRO) continue to languish near their all-time lows even with the stock market near all-time highs. While investors who have been holding the stock for months remain in pain, new buyers may be about to see a massive short squeeze. The stock is showing signs of large investor accumulation over the last week. Draw your attentiont to last week when the stock popped up through the daily 20 moving average, jumping from $8.65 to $9.50. This can be seen on the stock chart below. Then, note how the stock slowly came back to earth, but held the $9.00 level as well as stayed above the daily 20 moving average. In other words, there is a change going on here. It appears GoPro Inc no longer has enough sellers to hammer it down to its lows. The fact that it is holding above the 20 moving average is a sign of accumulation and leaves it wide open for a big players to run it hard, causing a short squeeze. I continue to hold GoPro Inc in my Verified Investing portfolio from a verified entry of $9.02. I expect this to surge as high as $12 in the near-term.
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