Long Position on PERI @ $13.90 on 5/28/2013 (Momentum)

Perion Network Ltd. (PERI) is a consumer Internet company.

The firm engages in the development of various applications. It designs and markets various consumer products, including IncediMail, a messaging application to manage various email accounts and Facebook messages with graphic and personalizing capabilities; SweetIM, an instant messaging application that enables consumers to personalize their everyday communications with free, fun, and easy to use content; and Smilebox, a photo sharing and social expression product and service that turns life's moments into digital keepsakes for sharing and connecting with friends and family in a fun and personal way for the desktop and smart-phone.

The company distributes and sells its products and services to consumers worldwide in approximately 100 countries.

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

52-Week Trading Range:  $3.68 - $14.94

Entry Point:  $13.90

Stop Loss: $13.20

Target Price: $15.30

Updates

6/6/2013 2:50:19 PM

PERI fell below our stop loss. Position was closed at $13.12.

Position closed on 6/6/2013 at price of $13.12 with a -5.61% loss in 9 days.

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