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Could GoPro's Revenue Rise in Fiscal 2017?

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Part 10
Could GoPro's Revenue Rise in Fiscal 2017? PART 10 OF 10

A Look at GoPro’s Moving Averages in June 2017

Stock trends

GoPro (GPRO) has generated returns of -9.4% in the trailing-one-month period and -31% in the trailing-12-month period. GoPro’s shares have fallen 10% since the start of 2017 after declining over 50% in calendar 2016. The stock has risen 0.7% in the last five trading days. Japan-based (EWJ) Sony (SNE) and Canon (CAJ) have generated returns of 32.8% and 32%, respectively, in the last 12 months.

A Look at GoPro&#8217;s Moving Averages in June 2017

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Moving averages

On June 23, 2017, GoPro closed the trading day at $7.82. Based on this price, here’s how the stock fared in terms of its moving averages:

  • 9.5% below its 100-day moving average of $8.64
  • 7.6% below its 50-day moving average of $8.46
  • 4.7% below its 20-day moving average of $8.21

Moving average convergence divergence

GoPro’s MACD (moving average convergence divergence) is -0.14. MACD refers to the difference between short-term and long-term moving averages. GoPro’s negative MACD indicates a downward trading trend.

GoPro’s RSI (relative strength index) score is 27, indicating that the stock is oversold. If a company’s RSI score is above 70, it indicates that its stock has been overbought, whereas an RSI score below 30 suggests that the stock has been oversold.

Analyst recommendations

Of the 17 analysts covering GoPro stock, one has issued a “buy” recommendation, seven recommend “sell,” and nine recommend “hold.” Analysts’ stock price target for GoPro is $8.54, with a median target estimate of $8.50. GoPro now is trading at a discount of 8.7% to the median of analysts’ estimates.

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