Trade Ideas technology points towards a massive short squeeze opportunity in GPRO. The trade is conditional on GPRO trading at 9.61. GPRO closed at 9.51 on Friday. If the stock gaps above 9.61 on the open, use your own discretion in your entry price.

Many times a gap open can come back to the original suggested entry price.The short float of 33% would not like to see GPRO trading above 9.61 as this is where the sellers have been showing up in the past. The suggested stop for this position is going to be 8.50 while the upside target for this trade will be 13.50. As always, position your share size accordingly to withstand a move down to 8.50 should that occur. Risking just over 1 dollar to make 4 dollars is the risk/reward objective for this trade idea.

Happy investing!

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Please remember that Trade Ideas does not suggest day trading this type of alert. The idea behind the Trade of the Week is to give our customers opportunities that they may be able to stay in for an extended period of time. Please use proper risk management when making investment decisions.