Long Position on FLTX @ $38.70 on 12/2/2013 (Momentum)

Fleetmatics Group PLC (FLTX) provides software-as-a-service fleet management solutions for small and medium-sized businesses worldwide.

It offers Web-based and mobile application solutions that provide fleet operators with visibility into vehicle location, fuel usage, speed and mileage, and other insights into their mobile workforce under the FleetMatics or SageQuest names.

The company serves owners and managers in the service and distribution industries that operate fleets of commercial vehicles.

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

52-Week Trading Range: $19.20 - $52.28

Entry Point: $38.70

Stop Loss: $36.75

Target Price: $42.57

Updates

12/2/2013 1:24:49 PM

FLTX fell below stop loss of $36.75

Position closed on 12/2/2013 at price of $36.75 with a -5.04% loss in 0 days.

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