Long Position on MANH @ $69.00 on 12/30/2015 (Momentum)

Trading Channel on MANHManhattan 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.

Shares are heading higher in an upward trading channel (shown in blue). The lower bundary of the channel coincides with the stock's 100-day moving average (shown in green). Higher share prices from these levels are expected.

 

52-Weeks Trading Range: $37.81 - $77.75

Entry Point: $69.00

Stop Loss: $65.50

Target Price: $75.90

Updates

1/27/2016 12:37:46 PM

MANH closed at $56.50

Position closed on 1/27/2016 at price of $56.50 with a -18.12% loss in 28 days.

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