Long Position on EIGI @ $15.80 on 12/12/2014 (Momentum)

Bullish Flag Formation on EIGIEndurance International Group Holdings, Inc. (EIGI) provides cloud-based platform solutions for small-and medium-sized businesses worldwide.

It offers domain registration, management, and resale services; proprietary, third-party, and open source Website building tools and design services that enable subscribers with varying degrees of technical sophistication to create a customized Web presence; Web hosting services, including entry-level shared hosting, and virtual private server and dedicated server hosting services; malware protection solutions to protect subscribers’ Websites from viruses, malicious code, and other threats; and backup control solutions that enable subscribers to schedule, maintain, manage, and restore backups of their online data and Websites to meet their particular business needs.

The company also provides solutions that allow subscribers to have their Websites rendered on mobile devices; search engine optimization and marketing solutions; tools and services that enable subscribers to communicate with their customers and potential customers through social networks; and control panels and dashboards that enable subscribers to analyze activity on their Websites and optimize the impact of their Web presence design and marketing campaigns.

In addition, it offers a platform that enables subscribers to communicate with their customers and potential customers through email; email capabilities, including custom mailboxes that reflect a subscriber’s domain name, spam filters, email aliases, and forwarding functionality; products that enable secure and encrypted payments, shopping carts, payment processing and related services, mobile payments, and other forms of e-commerce; and professional services.

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

Be Sure To Use a Limit Order!

52-Week Trading Range: $10.98 - $17.68

Entry Point: $15.80

Stop Loss: $15.01

Target Price: $17.40

Updates

12/18/2014 10:41:16 AM

EIGI reached our target. Closed at $17.50

Position closed on 12/18/2014 at price of $17.50 with a 10.76% gain in 6 days.

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