Email of the day on GoPro
Comment of the Day

November 23 2015

Commentary by Eoin Treacy

Email of the day on GoPro

Are you able to comment on the recent price action of GoPro, Inc (GPRO)? What is the technical outlook for this stock? Thanks.

Eoin Treacy's view

Many of the surfers on Manhattan Beach wear GoPro head cameras which results in a steady flow of YouTube videos as they encounter juvenile great white sharks. A fellow diver in Cancun last year had one that took continuous video and had a max depth rating of 40 metres/ It put my old heavy hand held housing to shame, although mine still had better power for lighting. The company has really great products and is certainly fashionable but it is also susceptible to copycatting not least from China and that is weighing on the share.   

Unfortunately for GoPro, they do not have a product that is difficult to copy or one that will not be made obsolete but the next iteration of advances in optics, circuitry, batteries etc. The share has trended persistently lower since August and while short-term oversold, a clear upward dynamic will be required to check momentum. 

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