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!
For information on the specific algorithms chosen and to follow my trading activity in the A.I. Channel, download the latest release of Trade Ideas Pro. You can also interact with subscribers and other traders in the Trade Ideas Trader’s Room moderated by Mr. Barrie Einarson, live during market hours. You can also follow me on social media at @TradeIdeas. Have a great morning. See you in the markets!
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.
HOLLY
HOLLY is the most powerful machine learning analyst that applies Artificial Intelligence to identify tested market opportunities for active investors, advisors, and fund managers. With the ability to adapt and understand changing market conditions in real-time, HOLLY becomes your Virtual Ph.D. on staff, whose optimized algorithms, come with a fully formed trading plan for each opportunity as well as the real-time execution guidance during the market session.
Every evening and overnight HOLLY conducts a ‘Quantitative Combine’ that performs over a million simulated trades against 55 different concepts. Each concept has a different purpose designed to beat the market. The AI looks at everything; long, short, cheap and expensive, fundamental, social, technical data and everything volume driven, etc. to identify successful trading probabilities and will change parameters within each concept as needed in order to achieve optimized results. The Quantitative Combine yields each morning a list of 5-10 algorithms graded against proprietary criteria that contain the greatest, statistically tested probability of identifying successful opportunities in the market. The results are displayed in the AI Strategies Window. Only the strategies with a success rate above 60% and a 2:1 Profit Factor are visible the following day. This information advantage saves novices and veterans hours of research and testing. It produces actionable, more informed market intelligence that once experienced, becomes impossible to omit in subsequent market decisions.
HOLLY crunches market data in San Diego and if she ever experienced time off, she’d gladly share in the success her clients enjoy and surf. Learn more at www.trade-ideas.com/professional
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