Pro: GoPro Won't Pass $68 Unless Earnings Are 'Spectacular'

GoPro Inc GPRO is likely to trade in a range from $38 a share to $68 a share, according to Fari Hamzei of Hamzei Analytics.

Hamzei was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick.

The action camera maker is expected to post earnings later Thursday, with consensus estimates calling for earnings of $0.70 a share on revenue of $580.3 million.

GoPro stock is up 70 percent from its July initial public offering, and shares have since ranged from $28.65 to $98.47.

"You can see the cycles, the volatility," Hamzei said.

Related Link: Expert: GoPro Could Move 10% After Earnings

"I don't see it jumping over $68 here unless they have spectacular earnings," Hamzei said.

"If they do really well, that's where it's going to go, and a lot of people are going to get messed up," Hamzei said.

GoPro is "begging to trade normally, with normal price expectations," Hamzei said.

"It didn't trade normally in the beginning because of the post-IPO."