Fitbit’s value isn’t just in its wearables.
It’s in its data and cloud connectivity.
Hi Steemians, I'm 
.
This same article is on my website with our affiliate link to a free trial of TradingView Pro.
Thanks in advance for lending me your attention!
Fitbit’s had a good run with its line of functional, stylish activity trackers and health monitors. Customers can choose between classic trackers, a few smart watches, and even smart headphones and weight scales – with a large selection of accessories to mix and match throughout the product line.
But that’s only taken Fitbit so far – in the case of its stock price, down massively into the single digits since 2016.
Fitbit’s stock has been adrift in the single-digit doldrums for a long time now. But believe it or not. . . This is the cheapest Fitbit is ever going to get.
Why? Because Fitbit is making its foray into its next big space, its next supreme endeavor – health monitoring, big data, electronic medical records, and cloud connectivity.
On 4/30/18 Fitbit announced it is partnering with Google’s Cloud Platform to facilitate its entry into the data and IoT (Internet of Things) of healthcare.
Real-time biometrics, new and innovative application use and creation, population health analysis, and more will form the meat-and-potatoes of Fitbit Health Solutions – Fitbit’s initiative to use omnipresent real-time and stored data and analysis to achieve positive health outcomes with mass health monitoring.
Visionaries and forward-thinkers have been talking about the burgeoning field of biometric sensors and health monitoring for a few years now. Fitbit and Google look to be the mainstream facilitators and operators in this new space of healthcare. And we all know humanity’s two concurrent life-changing revolutions – AI and blockchain – will be a big part of this.
The technicals are nicely supporting the story. The stock has been in the $5-$6 USD range throughout 2018, and a case could be made for an inverse head-and-shoulders bottom printing since February 2018 to today (though it might be just range noise); but with volume relatively low, we may only just now be at an inflection point – the big moves and big money are probably a little ways out as Fitbit’s brand-new endeavors prove themselves throughout the rest of the year and into the next and beyond.
Fitbit could be at a massive discount with huge money to be made longer-term.
💰✨Remember… Every single person is their own trusted expert and seeking to promote yourself in that role is vital today, now more than ever.
This has been , thank you for reading!
Please feel free to comment, resteem, and follow me!
EBT cardholder? Get Amazon Prime discounts!
Recent votable posts:
- Walmart stock is near support before earnings and after Flipkart.
- Microsoft - not a top yet, AI and cloud efforts, etc.
- Billionaires baggin' on Bitcoin. . . Why?
- T-Mobile hanging at support with speculative interest. . .
- Quick poast on a key technical pattern in the SPY.
- Did the Dow pop on a jobs report that is fake news?
- And this is my website, holsturr.com!
We participate in affiliate programs to fund content creation, please see our disclaimer for details!