Lower Highs On GoPro Inc Signal Top

Note the chart of GoPro Inc (NASDAQ:GPRO) today. Yesterday it made a high above $68.00, today an early high of $67.90 and later in the day a high of $67.75. As long as GoPro cannot make a new high, the top should be in. Once sellers take over, expect a fast and furious drop back into the mid $50s. Lower highs or basically the inability to make a new high speaks for itself. Remember, this stock has run from $38 to above $68 in a matter of weeks. Overbought is not a question. The only question is whether or not GoPro Inc (NASDAQ:GPRO) is topping or has more upside. If it cannot make a new high above $68 today, the top should be in. Watch and see. This is how great investors/traders trade.

Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com