Long Position on AMBA @ $100.00 on 7/14/2015 (Fundamentals)

Ambarella, Inc. (AMBA) develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide.

The company’s system-on-a-chip designs integrated HD video processing, image processing, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.

Its solutions enable the creation of video content for wearable sports cameras, automotive aftermarket cameras, professional and consumer Internet Protocol (IP) security cameras, telepresence cameras, and unmanned aerial vehicles in the camera market; and manage IP video traffic, broadcast encoding and transcoding, and IP video delivery applications in the infrastructure market. One of the company's main customers is GoPro.

The company sells its solutions to original design manufacturers and original equipment manufacturers through its direct sales force and logistics providers.

Shares have sold off from their all time high to the current level. The 50-day Exponential Moving Average (shown in red) has acted as a support in the past year. We expect that to repeat again! Higher share prices are expected.

52-Weeks Trading Range: $27.40 - $128.06

Entry Point: $100.00

Stop Loss: $95.00

Target Price: $110.00

Updates

7/15/2015 9:57:54 AM

AMBA closed at $111.00

Position closed on 7/15/2015 at price of $111.00 with a 11.00% gain in 1 days.

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