Technical Expert's Take On GoPro Ahead Of Earnings

Technical trading expert Serge Berger weighed in on GoPro Inc GPRO ahead of its Q4 earnings release on Thursday.

Berger thought that “it's an important earnings report for the company as the post-IPO honeymoon is over and the stock has retraced just about all of the sharp rally we saw last autumn.”

As for the stock’s price action and how to play it, Berger said “the potential for a big move in either direction is high after the earnings report.” Berger cautioned, however, that “traders are likely better off waiting for an initial reaction in the stock to have taken place before considering a trade."

Ahead of its earnings release, GoPro Inc traded at $50.99, down 1.70 percent.