Long Position on ZLTQ @ $28.00 on 12/10/2014 (Momentum)

ZELTIQ Aesthetics, Inc. (ZLTQ) is a medical technology company.

The firm is engaged in developing and commercializing non-invasive products for the selective reduction of fat.

It offers CoolSculpting system, which utilizes proprietary controlled-cooling technology to selectively reduce stubborn fat bulges.

The company sells its products through a network of distributors, as well as a direct sales force to dermatologists, plastic surgeons, and aesthetic specialists primarily in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. 

ZELTIQ generates revenues from capital sales of its CoolSculpting System and from procedure fees its physician customers pay for each CoolSculpting procedure they perform. Capital sales of ZELTIQ’s CoolSculpting System include the CoolSculpting control unit and its CoolSculpting vacuum applicators. ZELTIQ generates procedure fees through sales of CoolSculpting procedure packs, which include its consumable gelpads and liners and a disposable computer cartridge that it markets as the CoolCard. The CoolCard contains enabling software that permits its physician customer to perform a fixed number of CoolSculpting procedures.

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

52-Week Trading Range: $13.30 - $29.39

Entry Point: $28.00

Stop Loss: $26.60

Target Price: $30.80 

Updates

1/9/2015 1:07:57 PM

We are taking profits on ZLTQ at $29.93 after its 30 days expired!

Position closed on 1/9/2015 at price of $29.98 with a 7.07% gain in 30 days.

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