Long Position on SALE @ $41.00 on 2/12/2014 (Momentum)

RetailMeNot (SALE) operates a digital coupon marketplace.

Its marketplace connects consumers with retailers and brands. The company owns and operates digital coupon Websites, including RetailMeNot.com in the United States; and VoucherCodes.co.uk in the United Kingdom.

Its Websites, mobile applications, email newsletters, alerts, and social media presence enable consumers to search for, discover, and redeem relevant digital coupons from retailers and brands for various product categories comprising clothing, electronics, health and beauty, home and office, travel, food and entertainment, personal and business services, and shoes.

Shares of this recent IPO have formed a bullish "flag" after compay's recent quarterly report topped the estimates. Higher share prices are expected for this stock. Buyer Beware: as many IPOs, insiders may sell shares to take advantage of the rise in the share prices!

52-Week Trading Range: $25.51 - $42.00

Entry Point: $41.00

Stop Loss: $38.95

Target Price: $45.10

Updates

2/26/2014 10:39:51 AM

SALE reached our target price. Position closed at $45.45.

Position closed on 2/26/2014 at price of $45.45 with a 10.85% gain in 14 days.

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