Long Position on SSNC @ $31.14 on 6/11/2013 (Momentum)

Cup & Handle on SSNCSS&C Technologies Holdings (SSNC) provides software products and software-enabled services to financial services providers worldwide.

Its software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, which include portfolio management and reporting; and back-office functions, including accounting, performance measurement, reconciliation, reporting, processing, and clearing.

The company’s products and services comprise portfolio management/accounting, real-time trading systems, treasury operations, financial modeling, loan management/accounting, property management, money market processing, and training products. Its software-enabled services consist of financial data acquisition, transformation, and delivery; investor transaction processing platform; trade capture automation application; risk analytics monitoring application; and business process outsourcing investment accounting and investment operations, application software hosting, automated workflow integration, automated quality control mechanisms, and interface and connectivity services.

The company’s software-enabled services also include on-and offshore fund administration; real-time trade matching utility and delivery instruction database; securities data; and broker-neutral and platform-neutral FIX connectivity. SS&C also offers product support and professional services. Its clients include multinational banks, retail banks and credit unions, hedge funds, funds of funds and family offices, institutional asset managers, insurance companies and pension funds, brokers/dealers, financial exchanges, commercial lenders, real estate lenders, and property managers.

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

52-Week Trading Range:  $21.00 - $34.44

Entry Point:  $31.14

Stop Loss:  $29.58

Target Price:  $34.25

Updates

7/9/2013 9:55:59 AM

SSNC reached our target price. The position was closed at $34.40.

Position closed on 7/9/2013 at price of $34.40 with a 10.47% gain in 28 days.

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