Long Position on GPN @ $68.50 on 11/16/2015 (Momentum)

Global Payments Inc. (GPN) provides payment solutions for credit cards, debit cards, electronic payments, and check-related services.

It operates in two segments, North America Merchant Services and International Merchant Services.

The company’s services include terminal sales and deployment, authorization processing, settlement and funding processing, customer support and help-desk functions, chargeback resolution, industry compliance, payment card industry security, consolidated billing and statements, and online reporting. It offers credit and debit card transaction processing services for various international card brands, including American Express, UnionPay International, Discover Card, JCB, MasterCard, and Visa; and non-traditional payment methods, as well as for certain domestic debit networks, such as Interac in Canada.

The company also offers Realex Payments, a European online payment gateway technology. It serves customers in various industries, including financial services, gaming, government, health care, professional services, restaurants, retail, universities, nonprofit organizations, and utilities.

The company markets its products and services through direct sales force, trade associations, integrated payment solution channels, agent and enterprise software providers, value-added resellers referral arrangements, financial institutions, and independent sales organizations, as well as proprietary telesales groups in North America, Europe, the Asia-Pacific region, and Brazil.

Shares were recently split (2-for-1) and stock is trading ex-dividend now (November 9th.) We expect shares to break out of their bullish "cup and handle" and stock price to go higher.

52-Week Trading Range: $38.58 - $70.00

Entry Point: $68.50

Stop Loss: $65.00

Target Price: $75.35

Updates

1/27/2016 12:03:28 PM

GPN closed at $58.10

Position closed on 1/27/2016 at price of $58.10 with a -15.18% loss in 72 days.

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