Long Position on MANH @ $33.46 on 10/20/2014 (Momentum)

Bullish Cup & Handle on MANHManhattan Associates, Inc. (MANH) develops, sells, deploys, services, and maintains supply chain commerce software solutions for retailers, wholesalers, manufacturers, governments, and other organizations to enhance their supply chain operations from planning through execution.

The company operates in three segments: the Americas; Europe, the Middle East, and Africa; and the Asia Pacific.

Its platform-based supply chain software solution portfolio includes Manhattan SCOPE and Manhattan SCALE.

The company’s Manhattan SCOPE provides supply chain solution suites that include inventory optimization, transportation lifecycle management, and distribution management; and commerce chain solution suites comprising order lifecycle management, store inventory and fulfillment, and planning, as well as supply chain process platforms. Its Manhattan SCALE provides a portfolio of logistics execution solutions that offer trading partner management, yard management, optimization, warehouse management, and transportation execution services.

The company also offers professional services, including solutions planning and implementation, and related consulting services; customer training and support services; and software enhancements. In addition, it sells computer hardware, radio frequency terminal networks, radio frequency identification chip readers, bar code printers and scanners, and other peripherals.

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock. The firm reports its quarterly results tomorrow!

52-Week Trading Range: $23.55 - $40.79

Entry Point: $33.46

Stop Loss: $31.78

Target Price: $36.81

Updates

10/23/2014 9:46:12 AM

MANH reached our target price. Closed at $37.08

Position closed on 10/23/2014 at price of $37.08 with a 10.82% gain in 3 days.

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