Long Position on HOLI @ $21.62 on 4/15/2014 (Momentum)

Bullish Flag on HOLIHollysys Automation Technologies (HOLI) provides automation and control technologies and products to customers in industrial, railway, subway, nuclear power, building retrofit, and mechanical and electronic industries primarily in the People’s Republic China, Hong Kong, Southeast Asia, and the Middle East.

The company offers industrial automation solutions, including third-party hardware-centric products; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages, such as real-time management information system, HolliAS asset management system, operator training system, HolliAS BATCH application package, HolliAS advanced process control package, and safety instrumentation systems.

It also provides train control center (TCC) that monitors route condition, track status, train schedules, distance between trains, and the working status of other function devices; and automation train protection, which acts as the train over-speed protection mechanism that collects real-time information. In addition, the company offers HOLLiAS NMS proprietary control systems for non-safety operation control in nuclear power industry; and surveillance control and data acquisition system, an open software platform that enables the integrated and unified monitoring of sub-systems of the subway.

Further, it is involved in the manufacture and sale of medical automation equipment; research and development activities; sale of integrated automation products; and provision of integrated construction and installation services, mechanical and electrical solutions, and installation services. 

Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock. Be sure to use a LIMIT ORDER.

52-Week Trading Range: $10.89 - $22.40

Entry Point: $21.62

Stop Loss: $20.50

Target Price: $23.79

Updates

4/22/2014 9:33:46 AM

HOLI reached our target price.

Position closed on 4/22/2014 at price of $23.95 with a 10.78% gain in 7 days.

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