Long Position on LOCK @ $17.00 on 11/29/2013 (Momentum)

Bullish Flag on LOCKLifeLock (LOCK) provides identity theft protection services for consumers; and identity risk assessment and fraud protection services for enterprises in the United States.

It protects consumer subscribers through monitoring identity-related events, such as new account openings and credit-related applications; and enterprise customers through delivering on-demand identity risk and authentication information about consumers.

The company offers LifeLock Identity Alert system, which provides its members with real-time alerts and a response system for identity threats through text message, phone call, or e-mail; and ID Score, an identity risk service that delivers on-demand assessment of the risk of an individual at account opening and throughout the customer lifecycle.

As of December 31, 2012, the company served approximately 2.5 million paying members; and 250 enterprise customers, including financial institutions, telecommunication and cable services providers, government agencies, technology companies, large retailers, automobile and mortgage lenders, and e-commerce providers.

Shares have formed a bullish "flag" following the company's better than expected results.

52-Week Trading Range: $6.80 - $17.79

Entry Point: $17.00

Stop Loss: $16.15

Target Price: $18.70

Updates

12/11/2013 12:25:34 PM

LOCK is sitting at our stop loss. We closed the position.

Position closed on 12/11/2013 at price of $16.14 with a -5.06% loss in 12 days.

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