Running $FIT - Longer way to go

21 juil. 2015

FIT has had a massive run right from when it hit the market. But it ain't over yet! The chart is bullish with a cluster of fibonacci retracement levels around $52.52 - $53. Fundamentals are solid too. Yes, FIT trades at 98x trailing earnings, but it also boasts 209% yoy revenue growth and 441% yoy earnings growth. FIT goes higher.

Price target: $52.50, 16% upside.

Disclosure: I am long stock and call spreads