Long Position on BCOR @ $17.80 on 5/16/2013 (Momentum)

Blucora (BCOR) engages in the online search and tax preparation businesses in the Unites States and internationally.

The company operates in two segments, Search and Tax Preparation. It provides search technology, aggregated search content, and monetization solutions to partner sites.

The company offers search services through the web properties of its distribution partners, as well as directly through its owned Internet search properties; and distributes aggregated search content through its own Websites, such as Dogpile.com and WebCrawler.com.

It also provides online tax preparation service for individuals, tax preparation software for individuals and professional tax preparers, and ancillary services. The company was formerly known as InfoSpace, Inc.

Shares have formed a bullish "flag" following the release of its quarterly results. HIgher share prices are expected.

52-Week Trading Range:  $12.00 - $18.84

Entry Point:  $17.80

Stop Loss:  $16.90

Target Price:  $19.58

Updates

6/17/2013 12:16:12 PM

BCOR was closed at $18.66 after our 30-day period expired. 

Position closed on 6/17/2013 at price of $18.66 with a 4.83% gain in 32 days.

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