One of the most hated stocks of the past two years, is finally showing some life. GoPro (GPRO) is finally driving higher, after having spent much of its existence in a perpetual decline. go pro swing trade setup

Couple of things to note in this stock today 1) the break of the 200-day moving average. 2) Breaking through massive resistance at the $14.00-5. Both of these resistance levels being broken represents a change of character for the stock. 

Don’t be fooled into buying this stock blindly. It is a hard stock to trade still even with the upside momentum it has displayed of late. Since putting together the chart below, GPRO has already dropped from $14.72 down to $14.32. That is a lot of price movement and that means trading it with a tight stop-loss and limiting your risk on the trade is a very difficult proposition. So don’t force a trade. Keep in mind the bullishness it has displayed of late, and if the right trade setup eventually comes around then you take it. But let the trade come to you, not the other way around. 

Here’s the action:

gpro

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