Long Position on CDW @ $34.36 on 12/8/2014 (Momentum)

CDW Corporation (CDW) provides information technology (IT) solutions in the United States and Canada.

The company operates in two segments, Corporate and Public.

It offers discrete hardware and software products to integrated IT solutions, such as mobility, security, data center optimization, cloud computing, virtualization, and collaboration.

The company’s hardware products include notebooks/mobile devices, network communications, enterprise and data storage, video monitors, printers, desktop computers, and servers; and software products comprise application suites, security, virtualization, operating systems, network management, and software as a service offerings.

It also provides a suite of value-added-services, which include basic installation, warranty, and repair services to custom configuration, data center, and network implementation services, as well as managed services that include infrastructure as a service offering. The company serves government, education, and healthcare customers, as well as small, medium, and large businesses. 

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

52-Week Trading Range: $21.92 to $35.56

Entry Point: $34.36

Stop Loss: $32.64

Target Price: $37.80

Updates

1/9/2015 1:06:41 PM

We are taking profits on CDW at $35.58 after its 30 days expired withouth reaching our target.

Position closed on 1/9/2015 at price of $35.58 with a 3.55% gain in 32 days.

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