Fitbit Inc. Higher Ahead Of Q4 Report


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Fitbit Inc. (NYSE: FIT) shares are trading higher by $0.45 at $16.05 in Monday's session. After the close, the company will releases it Q4 earning report. The Street estimates are for EPS $0.25 on revenues of $647.8M.The company has beat the Street in its first two earning reports since its IPO by a substantial margin, but has failed to impress investors.Ahead of the report the issue has been a tight trading range over the last three sessions (including today) from $15.55 to $16.54). The bottom of the range is flanked by a pair of lows from Wednesday ($15.61) and Thursday ($15,55) has not yet come into play so far int today's session.The upper-end of the range was expanded today, when it rallied beyond Thursday's high ($16.35), but has stalled just above Wednesday's high ($16.44) at $16.54.

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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: TechnicalsIntraday UpdateMoversTrading Ideas