Since its IPO in 2012, this stock has risen a staggering 1,821%. But technicians are saying it is time to sell this stock. Shares of GoPro supplier Ambarella have surged more than 130 percent since January. But if history is any indication, one technician warns that the stock could be due for a major correction.
If you had invested in this stock, you could have made a whopping 1,800% return in just 3 years. This comes out to making a whopping return of 600% annually which is sufficient to triple the investment in 1 year. Now the worst thing an investor can do is fall in love with a stock. It is time to part with this stock. Watch the above video and make your own decision. Just keep this in mind that this stock has been making very rallies in short periods of time which is an indicator that the reversal is near at hand.