Long Position on LABL @ $54.40 on 12/22/2014 (Momentum)

Multi-Color Corporation (LABL) provides various label solutions.

The company offers pressure sensitive labels; in-mold labels; heat transfer labels; shrink sleeve labels; cut and stack glue-applied labels comprising peel-away promotional labels, thermochromics, holographics, and metalized films; and promotional products, such as scratch-off coupons, static-clings, and tags.

It also provides graphic and pre-press services; and various print methods consisting of flexographic, lithographic, and rotogravure and digital services.

The company serves producers of home and personal care, wine and spirit, food and beverage, healthcare, and specialty consumer products, as well as container manufacturers primarily in North, Central, and South Americas, as well as Europe, Australia, New Zealand, South Africa, and China. 

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

PLEASE NOTE THAT THIS IS A LOW VOLUME TRADING STOCK.  USE A LIMIT ORDER.

52-Week Trading Range: $30.75 - $57.35

Entry Point: $54.40

Stop Loss: $51.68

Target Price: $59.84 

Updates

1/14/2015 1:19:20 PM

LABL closed at $60.00 after it reached our target price.

Position closed on 1/14/2015 at price of $60.00 with a 10.29% gain in 23 days.

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