Long Position on HAWK @ $36.49 on 12/9/2014 (Momentum)

Blackhawk Network Holdings, Inc. (HAWK) provides various prepaid products and payment services.

It distributes digital media and e-commerce, dining, electronics, entertainment, fashion, gasoline, home improvement, and travel closed loop gift cards; and single-use non-reloadable gift cards.

The company also distributes prepaid handsets; and a range of prepaid wireless or cellular cards that are used to load airtime onto the prepaid handsets.

In addition, it provides various prepaid financial services products, including general purpose reloadable (GPR) cards comprising Green Dot and NetSpend branded cards, as well as PayPower; and Reloadit, a GPR reload network product that allows consumers to reload funds onto their previously purchased GPR cards.

Further, the company offers Cardpool, an online gift card exchange product; and digital wallet services that enable other digital wallet providers to utilize its prepaid wallet services. Additionally, it provides corporate incentives and consumer promotions solutions. Blackhawk Network Holdings, Inc. distributes its products through grocery, convenience, specialty, and online retailers in the Americas, Europe, Australia, and Asia. 

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

52-Week Trading Range: $21.65 - $37.91

Entry Point: $36.49

Stop Loss: $34.65

Target Price: $40.14

Updates

12/29/2014 9:42:14 AM

We are taking profits on HAWK after it reached our target price. Closed at $40.40.

Position closed on 12/29/2014 at price of $40.40 with a 10.72% gain in 20 days.

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