Very few serious investors have not followed the leader in the action camera industry as its stock price came crashing down. With their IPO less than two years ago, Go Pro’s stock price [stock_quote symbol=”GPRO”] has been a roller coaster since day one.

After quickly tripling its IPO price, Go Pro stock has likely lost many investors huge amounts of cash.

Today, nearly two years after its IPO, the price is barely above it’s IPO price of $24, after hitting nearly $90 just last year. The crazy part is that absolutely nothing has changed.

The stock price really took a hit during the China devaluation crisis, particularly on Black Monday, but when other stocks recovered, Go Pro continued to sink, hitting new lows virtually every week.

Now the holidays have arrived, usually a home run for the company. Earnings are coming up and the company has been virtually silent for months.

To cap it all off, short interest is at an all time high at over 22 million shares. We call that a perfect storm. With boatloads of traders sitting on the sidelines waiting for a confirmed uptrend, the stock price is ready to explode.

We recommend getting into Go Pro before earnings, but if you would like to play it safe just keep it on your radar, once it breaks out on volume it should continue to climb. [the_ad id=”501″]