NEW YORK, NY / ACCESSWIRE / November 22, 2017 / U.S. markets closed at record highs on the strength of corporate earnings and a rally from the technology sector. The Dow Jones Industrial Average gained 0.69 percent to close at 23,590.83, while the S&P 500 Index jumped 0.65 percent to close at 2,599.03. The tech-heavy Nasdaq Composite Index spiked 1.06 percent to close at 6,862.48. A strengthening economy, solid corporate earnings, and bets on tax reform have combined to help lift all three major indexes up between 16 percent and 27.5 percent for the year.

"Earnings season is winding down and, when you look back, most companies have beaten expectations and that's a positive for the market," said Adam Sarhan, CEO of 50 Park Investments.

RDI Initiates Coverage on:

Fitbit, Inc.
https://rdinvesting.com/news/?ticker=FIT

GoPro, Inc.
https://rdinvesting.com/news/?ticker=GPRO

Fitbit, Inc.'s stock moved 1.73% higher Tuesday, to close the day at $6.48. The stock recorded a trading volume of 4,226,287 shares, which was below its three months average volume of 6,133,980 shares. In the last year, Fitbit, Inc.'s shares have traded in a range of 4.90 - 8.78. The share price has gained 32.24% from its 52-week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $6.25 is greater than its 200-day moving average of $5.83. Shares of Fitbit have gained roughly 5.88 percent in the past month and are down 11.48 percent year-to-date.

Access RDI's Fitbit, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=FIT

On Tuesday, shares in GoPro, Inc. recorded a trading volume of 3,137,257 shares, which was below the three months average volume of 6,482,583 shares. The stock ended the day 2.62% higher at 8.61. The share price has gained 20.59% from its 52-week low with a 52-week trading range of 7.14 - 11.89.The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $9.40 is greater than its 200-day moving average of $9.08. Shares of GoPro have fallen roughly 9.18 percent in the past month and are down 1.15 percent year-to-date.

Access RDI's GoPro, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=GPRO

Our Actionable Research on Fitbit, Inc. (NYSE:FIT) and GoPro, Inc. (NASDAQ:GPRO) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com