Fitbit: Were You Paying Attention?
- Fitbit has soared this week on the bullish news of a new corporate customer.
- The stock has gained nearly $2.5 billion in valuation on a deal that has a maximum impact of $20 million in revenue.
- Investors need to pay attention to quality stocks and buy on dips and not after the stock soars.
For investors wanting to get into the Fitbit (NYSE:FIT) craze, the numerous stock drops toward the $30 level provided the ultimate entry point. With some good corporate news and bullish analyst coverage, the stock exploded higher this week providing another solid example of pouncing on dips of good stocks.
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