Long Position on SNCR @ $46.00 on 10/22/2014 (Momentum)

Synchronoss Technologies, Inc. (SNCR) provides cloud solutions and software-based activation for connected devices worldwide.

The company’s services include intelligent connectivity management and content synchronization, backup, and sharing services, as well as device and service procurement, provisioning, activation, and support services that enable communications service providers, cable operators/multi-services operators, original equipment manufacturers with embedded connectivity, multi-channel retailers, and other customers to accelerate and monetize their go-to-market strategies for connected devices.

Its Activation Services, Synchronoss Personal Cloud, Synchronoss WorkSpace, and Synchronoss Integrated Life platforms provide end-to-end seamless integration between customer-facing channels/applications, communication services or devices, and back-office infrastructure-related systems and processes. The company markets and sells its services through direct sales force and strategic partners.

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock. The firm reports its quarterly results on October 29th.

52-Week Trading Range: $25.28 - $47.81

Entry Point: $46.00

Stop Loss: $43.70

Target Price: $50.60

Updates

10/29/2014 9:31:39 AM

SNCR reached our target price. Closed at $52.00

Position closed on 10/29/2014 at price of $52.00 with a 13.04% gain in 7 days.

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