I don`t know about opening there but i definitely think it will see 50 or better sometime during the day. I also think it will push up more on Tuesday and then finally have a slight pullback on Wednesday due to nervous hands and profit taking.
I doubt too many will be stupid enough to hold until earning release on Aug. 5 . Now that the Facebook earnings are said and done attention will start shifting towards FIT . Should start rising tomorrow or Friday.
GoPro shot up $10 per share just a few weeks before earnings and then gave back a little the day they announced but now their up over 64 . The same thing will happen here IMO .
Earnings announcement* for FIT: Aug 05, 2015
Fitbit, Inc. is expected* to report earnings on 08/05/2015 after market close. The report will be for the fiscal Quarter ending Jun 2015. According to Zacks Investment Research, based on 6 analysts' forecasts, the consensus EPS forecast for the quarter is $0.07.
This will be a slow boil up over the coming days and weeks. I`m holding for the long term. " Total revenues for the second quarter of 2015 increased to $123.9 million, compared with $24.8 million in the second quarter of 2014.