Long Position on MOVE @ $16.90 on 11/15/2013 (Momentum)

Move, Inc. (MOVE) operates an online network of Websites for real estate search, finance, and moving and home enthusiasts in North America.

The company operates REALTOR.com, a Website that offers property listings, other property information, and services to real estate franchises, brokers, and agents, as well as non-real estate related advertisers, such as personal banking and mortgage companies, insurance providers, home improvement retailers, moving service providers, and other consumer product and service companies.

Its REALTOR.com Website provides listing advertisements to enhance, prioritize, and connect with consumers of for-sale property listings; non-listing advertisements to connect with consumer audience in the real estate search process; and various products and services to advertisers, including sponsorships, graphical display advertisements, text links, directories, Featured Agent, Featured Competitive Market Analysis, Search Assist, and PreQualplus online mortgage prequalification services.

The company also operates other Websites that provide multi-family rental, senior housing, and moving-related content and services to consumer audience, as well as provides various listing-related advertisement services for rental property owners and managers; Move.com for new homes and rental listings, moving, home and garden, and home finance; Moving.com that offers quotes from moving companies and truck rental companies; SeniorHousingNet; SocialBios; and Doorsteps. In addition, it offers software-as-a-service customer relationship management products comprising Top Producer and TigerLead that provide productivity and lead management tools tailored to real estate agents.

Further, Move, Inc. operates ListHub, an online real estate listing syndicator and provider of performance reporting solutions.

Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock.

52-Week Trading Range: $6.92 - $18.36

Entry Point: $16.90

Stop Loss: $16.00

Target Price: $18.60

Updates

11/19/2013 1:57:47 PM

MOVE fell below our stop loss.

Position closed on 11/19/2013 at price of $16.00 with a -5.33% loss in 4 days.

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