Long Position on INXN @ $28.00 on 9/15/2014 (Momentum)

Bullish Cup & Handle on INXNInterXion Holding N.V. (INXN) provides carrier-neutral colocation data center services in Europe.

The company enables its customers to connect to a range of telecommunications carriers, Internet service providers, and other customers.

Its data centers act as content, cloud, and connectivity hubs that facilitate the processing, storage, sharing, and distribution of data, content, applications, and media between carriers and customers.

The company offers co-location services, including space and power to deploy IT infrastructure in its customers data centers; power backup services; and connectivity services that allow its customers to connect their IT infrastructure, as well as installs and manages physical connections running from its customers’ equipment to the equipment of its telecommunications carriers, Internet service providers, Internet exchange customers, and other customers.

It also provides managed services comprising systems monitoring, systems management, engineering support services, data back-up, and storage services. The company offers its services to digital media and distribution, enterprises, financial services sectors, managed services providers, and network providers. As of April 21, 2014, it operated through 37 data centers in 11 European countries.

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

52-Week Trading Range: $20.56 - $29.70

Entry Point: $28.00

Stop Loss: $26.60

Target Price: $30.80

Updates

10/10/2014 1:13:32 PM

INXN fell below our stop loss. Closed at $26.41.

Position closed on 10/10/2014 at price of $26.41 with a -5.68% loss in 25 days.

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