Long Position on AMBA @ $55.00 on 2/2/2015 (Momentum)

Ambarella, Inc. (AMBA) develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide.

The company’s system-on-a-chip designs integrated HD video processing, image processing, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.

Its solutions enable the creation of video content for wearable sports cameras, automotive aftermarket cameras, Internet Protocol (IP) security cameras, and camcorders in the camera market; and manage IP video traffic, broadcast encoding, transcoding, and IP video delivery applications in the infrastructure market.

The company sells its products to original design manufacturers and original equipment manufacturers through its direct sales force and logistics providers.

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

52-Weeks Trading Channel: $21.60 - $63.20

Entry Point: $55.00

Stop Loss: $52.25

Target Price: $60.50

Updates

2/13/2015 10:52:24 AM

AMBA fell below our stop loss. Closed at $52.

Position closed on 2/13/2015 at price of $52.00 with a -5.45% loss in 11 days.

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