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Fitness Pioneer Flashes Bullish Breakout

Published 07/13/2017, 02:26 PM
FIT
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Shares of Fitbit (NYSE:FIT) are nearing a major inverse head-and-shoulder pattern, which is extremely bullish with 40% upside. Fitbit is trading near its 52-week lows and shorts have been in full control. When the inverse head and shoulder triggers, those shorts will start covering, popping the stock sharply.

Upside

Look for a move to $7 or above.

Daily Fitbit

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