Fitbit, Inc. : Good timing based on weekly price data

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at USD 12.15 USD in weekly data.

● Graphically speaking, the timing seems perfect for purchasing the stock close to the USD 11.89 support.

● Analysts expect a sharply increasing business volume for the group, with high growth rates in the coming years.

● The group's high margin levels account for strong profits.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.

● The technical configuration over the long term remains negative on the weekly chart below the resistance level at 18.81 USD