Long Position on CALD @ $19.75 on 7/6/2016 (Momentum)

Bullish Cup & HandleCallidus Software Inc. (CALD) provides enterprise software and related services to telecommunications, insurance, banking, and technology markets worldwide.

It offers Marketing Automation to generate sales leads by capturing intelligence about buyers' behaviors and engaging them across multiple channels; Territory and Quota to evaluate territory, quota distribution plans, and strategies for meeting corporate sales goals; Enablement that provides sales content at each step of the sales cycle; Litmos Learning Management System for training; Litmos Content to create courses that can be published to desktop browsers and mobile devices; Litmos Healthcare, a cloud based solution; and Sales Performance Manager to set targeted coaching plans to the individual sales professional.

The company also provides Configure-Price-Quote to guide sales representatives through the quoting process; Commissions that streamlines the design and management of incentive compensation programs and commission payments; Contract Lifecycle Management, a centralized repository for contract data; Incentive Compensation Management to deliver automation in incentive and bonus plan configuration, plan payout, and producer management; Producer Pro to manage producer hierarchies, licenses, appointments, education, correspondence, and book of business; and MySalesGame to drive performance-improving behavioral change.

In addition, it offers Clicktools that provide self-service tools to collect, centralize, and act on customer feedback; Thunderbridge to combine big data technology with analytics and visualizations; WorkFlow to optimize critical business processes and drive collaboration; and Data Hub that synchronizes sales opportunities, product catalogs, and human resource information across various applications, as well as provides professional, business process outsourcing, maintenance and technical support, and educational services. 

Shares have formed a bullish "cup and handle" andhigher share prices are expected for this stock. Please note that this is a low volume stock, use a limit order and not a market order. The company reports its quarterly results end of this month.

 

52-Weeks Trading Range: $11.48 - $21.64

Entry Point:  $19.75

Stop Loss:   $18.75

Target Price: $21.73

Updates

8/3/2016 9:51:23 AM

CALD closed at $17.50

Position closed on 8/3/2016 at price of $17.50 with a -11.39% loss in 28 days.

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