Long Position on QLYS @ $28.20 on 10/8/2014 (Momentum)

Bullish Cup & Handle on QLYSQualys, Inc. (QLYS) provides cloud security and compliance solutions to enterprises, government entities, and small and medium-sized businesses in the United States and internationally.

The company offers QualysGuard cloud suite of solutions, such as Vulnerability Management, Web Application Scanning, Malware Detection Service, Web Application Firewall, Policy Compliance, PCI Compliance, and Qualys SECURE Seal.

Its integrated suite of security and compliance solutions delivered on its QualysGuard Cloud Platform enables customers to identify their IT assets, collect and analyze large amounts of IT security data, discover and prioritize vulnerabilities, recommend remediation actions, and verify the implementation of such actions.

It also provides QualysGuard core services, including asset tagging and management, reporting and dashboards, questionnaires and collaboration, remediation and workflow, big data correlation and analytics engine, and alerts and notifications, which enable integrated workflows, management and real-time analysis, and reporting across IT security and compliance solutions. In addition, the company offers QualysGuard cloud infrastructure services that include the data, data processing capabilities, software and hardware infrastructure, and infrastructure management capabilities.

Qualys, Inc. markets and sells its IT security and compliance solutions to customers directly through its sales teams, as well as indirectly through its network of channel partners, such as security consulting organizations, managed service providers, and resellers. 

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock. This is a thinly traded stock, be sure to use a limit order, and not a market order!

 

52-Week Trading Range: $18.00 - $29.94

Entry Point: $28.20

Stop Loss: $26.79

Target Price: $31.02 

Updates

10/31/2014 10:02:42 AM

QLYS reached our target price. Closed at $31.30.

Position closed on 10/31/2014 at price of $31.30 with a 10.99% gain in 23 days.

Back to Portfolio