GoPro Technicals Finding Support At $78 Level

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Shares of
GoProGPRO
are trading lower today, with the intraday level of 78 being a swing point.

The stock opened near the 80 level and met sharp resistance, falling quickly to the 78 level during the first 20 minutes of trading. After finding support at 78, the shares traded sideways for the next hour, before finally falling through the 78 support level at 10:45 ET. Since then, the shares have been range bound between the 77 and 78 levels, with the lows on the day being at 76.50. Intraday VWAP is at 78.62, which could provide further upside resistance. Shares of GoPro are currently 1.92 percent at 77.53.

Posted In: TechnicalsTrading Ideas
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