Long Position on MANH @ $65.00 on 7/27/2015 (Momentum)

Manhattan Associates, Inc. (MANH) develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers, and other organizations.

The company operates in three segments: the Americas; Europe, Middle East, and Africa; and Asia Pacific.

It provides distribution management, transportation management, supply chain convergence, and visibility solutions; inventory optimization and planning solutions; and omni-channel central and local solutions.

The company's Manhattan SCALE offers a portfolio of logistics execution solutions that provides trading partner management, yard management, optimization, warehouse management, and transportation execution services. It also provides professional services, including solutions planning and implementation, and related consulting services; customer training and support services; and software enhancements.

In addition, the company resells computer hardware, radio frequency terminal networks, radio frequency identification chip readers, bar code printers and scanners, and other peripherals.

MANH shres have formed a bullish "cup and handle" after the firm reported strong quarterly results. Higher share prices are expected for this stock.

52-Weeks Trading Range: $28.24 - $69.81

Entry Point: $65.00

Stop Loss: $61.75

Target Price: $71.50

Updates

8/28/2015 11:13:21 AM

MANH closed at $60.00

Position closed on 8/28/2015 at price of $60.00 with a -7.69% loss in 32 days.

Back to Portfolio