3 Things That Can Go Wrong for Fitbit on Wednesday

Fitbit (NYSE: FIT)is showing signs of life this week. Shares of the leading maker of fitness wristbands rose nearly 5% on Monday after the company announced a collaboration with Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL)to explore the development of consumer and enterprise health solutions. The partnership may result in breakthroughs in cloud-based health tracking, or it may prove to be another dead end in Fitbit's digital health aspirations.