Long Position on ARRS @ $32.85 on 6/19/2014 (Momentum)

ARRIS Group, Inc. (ARRS) provides media entertainment and data communications solutions in the United States and internationally.

The company operates in two segments, Customer Premises Equipment and Network & Cloud.

The Customer Premises Equipment segment offers various product solutions, including set-top boxes, gateways, digital subscriber lines and cable modems, and embedded multimedia terminal adapters and voice/data modems that enable service providers to offer voice, video, and high-speed data services to residential and business subscribers.

The Network & Cloud segment provides hybrid fiber coax equipment, edge routers, metro Wi-Fi, video management, storage, and distribution equipment for cable providers; and fiber-based and copper-based broadband transmission equipment for telco providers. This segment also offers video headend management system for legacy moving picture experts group/digital video broadcasting systems, as well as full Internet protocol video systems; support for multi-screen video management, protection, monetization, and delivery; and various products for performance management, configuration, and surveillance.

Shares have formed a bullish "Cup and Handle" and higher share prices are expected for this stock. Here are some stats about this company: 

52-Week Trading Range:   $14.15 - $33.87

Entry Point:  $32.85

Stop Loss:  $30.90

Target Price:  $36.08

Updates

7/21/2014 9:56:09 AM

ARRS closed at $33.00 after it failed to gain 10% in less than 30 days.

Position closed on 7/21/2014 at price of $33.00 with a 0.46% gain in 32 days.

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