10.09.2015 - The drop of GoPro shares is likely to continue

GoPro's share price continues to plummet, and recently broke through an important support level around 37.00 and reached the level of 34.00. Given the strong downward momentum, we expect the continuation of a downward price movement in the near future to target levels at 30.00 and 28.00. In case of a rebound, quotes can return to the levels of 40.00 and 44.00. Our medium-term outlook is negative.

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