Long Position on RYAAY @ $70.40 on 1/2/2015 (Momentum)

Ryanair Holdings plc (RYAAY) provides scheduled-passenger airline services in Ireland, the United Kingdom, continental Europe, and Morocco.

It also offers various ancillary services, such as non-flight scheduled services and Internet-related services; and markets accommodation services and travel insurance through its Website, as well as is engaged in the in-flight sale of beverages, food, and merchandise.

In addition, the company sells bus and rail tickets onboard its aircraft and through its Website; and markets car parking, attractions, and activities, as well as gift vouchers through its Website.

As of June 30, 2014, it had a fleet of 297 Boeing 737-800 aircraft and 5 leased aircraft; and offered approximately 1,600 scheduled short-haul flights per day serving approximately 186 airports primarily in Europe.

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

52-Week Trading Range: $46.71 - $71.79

Entry Point: $70.40

Stop Loss: $66.85

Target Price: $77.44

Updates

1/7/2015 2:20:34 PM

RYAAY fell below our stop loss. Closed at $66.80

Position closed on 1/7/2015 at price of $66.80 with a -5.11% loss in 5 days.

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