$GPS Potential return to 6-12$ range based on Monthly chart
GPS
Potential return to 6-12$ range based on Monthly chart Recent spike on Monthly chart indicates a potential strong upcoming reversal.
Potential return to the trading range of 6$ to 12$.
Long term Debt is too high, and Executives and top stakeholders are selling millions of shares at recently spiked prices.
Plus insiders with Discounted Stock Purchase Plan have a unique lifetime opportunity to buy shares around 7$ (6 month low), and sell at current market price, which is still 190% gains for immediate exercise.
Hence above favours the Short position.
Possible - 14.3$
Desirable - 11.7$
Long shot - 10.4$
Ambitious - 8$