Go Pro Continues Pre-Earnings Rally

em>Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

GoPro Inc, GPRO shares are trading higher by $2.90 at $59.62 in Monday's session. It appears investors are bullish the issue as it due to report Q2 earnings after the close on Tuesday. The issue has added over $7 since its July 13 close of $52.11. GoPro has maintained all of its gains and added some since it easily beat the Street's Q1 estimates. Back on April 29, it leaped from $47.02 to $52.96 following the strong beat. The continuation rally peaked on June 8 at $61.19 and after quick retreat under $50, it has revisited the recent high but came up a bit short when it peaked at $60.80 in today's session before falling back under $60. On Monday's. Benzinga's Premarket Prep show Tech Stock Strategist, Sean Udall spoke favorably of the company and described it as it "might be in my top five for earnings beats" this quarter. The issue is still well off ifs all time high from October at $98.47. that was made two months its IPO in August 2014 which saw the issue bottom at $37.24 before rallying to nearly triple digits.