Long Position on WEX @ $115.47 on 8/26/2014 (Momentum)

WEX Inc. (WEX) provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe.

It operates in two segments, Fleet Payment Solutions and Other Payment Solutions.

The Fleet Payment Solutions segment offers vehicle payment processing, account servicing, and transaction processing services to commercial and government fleets. This segment markets its products and services directly, as well as through co-branded and private label relationships.

The Other Payment Solutions segment provides payment processing solutions for corporate purchasing and transaction monitoring needs.

Its products include corporate purchase cards, single use accounts, virtual card products, paycard products, and prepaid and gift cards. This segment markets its products and services directly to commercial and government organizations; and small and medium sized businesses. 

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

52-Week Trading Range: $78.18 - $118.30

Entry Point: $115.47

Stop Loss: $109.50

Target Price: $127.10 

Updates

9/23/2014 9:58:06 AM

WEX fell below our stop loss. WEX closed at $109.00

Position closed on 9/23/2014 at price of $109.00 with a -5.60% loss in 28 days.

Back to Portfolio