Go Pro Clears $11 Resistance Level

Go Pro Inc. GPR shares are trading higher bu $1.34 at $11.30 in Monday's session. The catalyst for the rally in a weak tape is a new partnership with Microsoft MSFT pertaining to a patent licensing agreement for certain file storage and other system technologies. Two days removed from a disastrous Q4 report and guidance. which pushed the issue to new all time low at $9.01, the issue has busted through the resistance near the $11 area. That is the area where the issue has stalled in the three previous sessions ahead of its Q4 report ($10.80-$11.18 range). So far, today's rally has reached $11.69 and backed off slightly. If the rally continues there may be additional resistance at its January 19 high 9$11.77).