Long Position on OUTR @ $79.50 on 6/22/2015 (Momentum)

Outerwall Inc. (OUTR) provides automated retail solutions primarily in the United States, Canada, Puerto Rico, Ireland, and the United Kingdom.

Its Redbox segment owns and operates approximately 43,680 Redbox kiosks in 36,140 locations that enable consumers to rent or purchase movies and video games.

The company’s Coinstar segment owns and operates approximately 21,340 coin-counting kiosks in 20,250 locations, which enable consumers to convert their coin to cash, convert coins and paper bills to stored value products, and exchange gift cards for cash.

Its New Ventures segment focuses on identifying, evaluating, building, acquiring, and developing innovative self-service concepts in the automated retail space.

Outerwall Inc.’s kiosks are located primarily in supermarkets, drug stores, mass merchants, financial institutions, convenience stores, malls, and restaurants.

Shares have formed a bullish "flag" following the company's latest quarterly report. Shares are on the cusp of breaking out of this formation. Higher share prices are expected for this stock.

52-Weeks Trading Range: $51.17 - $79.74

Entry Point: $79.50

Stop Loss: $75.50

Target Price: $87.50

Updates

7/22/2015 10:12:04 AM

OUTR closed at $83.83 after its 30-days expired.

Position closed on 7/22/2015 at price of $83.83 with a 5.45% gain in 30 days.

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