Long Position on FLTX @ $46.50 on 6/19/2015 (Momentum)

Fleetmatics 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 are in the process of moving higher out of a bullish "cup and handle" that was formed followed the company's latest quarterly report. Higher share prices are expected for this stock.

52-Weeks Trading Range: $27.75 to $49.18

Entry Point: $46.50

Stop Loss: $44.17

Target Price: $51.15

Updates

7/22/2015 10:10:30 AM

FLTX closed at $49.70 after its 30-days expired.

Position closed on 7/22/2015 at price of $49.70 with a 6.88% gain in 33 days.

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