Long Position on BCOR @ $20.00 on 7/9/2013 (Momentum)

Blucora (BCOR) engages in the online search and tax preparation businesses in the Unites States and internationally.

The company operates in two segments, Search and Tax Preparation.

It provides search technology, aggregated search content, and monetization solutions to partner sites. The company offers search services through the web properties of its distribution partners, as well as directly through its owned Internet search properties; and distributes aggregated search content through its own Websites, such as Dogpile.com and WebCrawler.com.

It also provides online tax preparation service for individuals, tax preparation software for individuals and professional tax preparers, and ancillary services. 

Shares are in the process of moving higher out of a bullish "cup & handle." Higher share prices are expected for this stock.

52-Week Trading Range:  $12.01 - $20.11

Entry Point:  $20.00

Stop Loss:   $19.00

Target Price:  $22.00

Updates

8/9/2013 9:45:05 AM

BCOR closed at $21.05. Shares did not reach our 10% gain in less than 30 days. 

Position closed on 8/9/2013 at price of $21.05 with a 5.25% gain in 30 days.

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