Long Position on FLTX @ $43.60 on 4/6/2015 (Momentum)

Bullish Cup & Handle on FLTXFleetmatics Group PLC (FLTX) provides software-as-a-service fleet management solutions for small and medium-sized businesses (SMBs) worldwide.

The company offers Web-based and mobile application solutions that provide fleet operators with visibility into vehicle location, fuel usage, speed and mileage, and other insights into their mobile workforce.

It provides Fleetmatics REVEAL, a business-intelligence based fleet management solution for SMBs; Fleetmatics REVEAL+, which extends Fleetmatics REVEAL to enterprises and is configurable to customers requiring integration capabilities with third-party workflow solutions; and Fleetmatics WORK, a field service management solution.

The company also offers Routist, an intelligent routing solution for businesses looking to optimize the utilization of their fleet and mobile resources; and Connect2Field, a cloud-based software solution for service businesses and their mobile workers. It serves owners and managers in the service and distribution industries that operate fleets of commercial vehicles and manage a team of field technicians through direct sales organizations and Web. 

Shares of this Irish company have formed a bullish "Cup & Handle" and higher share prices are expected for the stock. 

52-Weeks Trading Range: $25.43 - $46.50

Entry Point: $43.60

Stop Loss: $41.42

Target Price: $47.96

Updates

4/23/2015 9:40:14 AM

FLTX reched our target price, closed at $48.60.

Position closed on 4/23/2015 at price of $48.60 with a 11.47% gain in 17 days.

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