Long Position on MTCH @ $18.50 on 10/19/2016 (Momentum)

Bullish Cup & Handle on MTCHMatch Group, Inc. (MTCH) provides dating products.

The company operates in two segments, Dating and Non-dating.

Its Dating segment provides dating products and the Company's Non-dating segment provides various education services, including test preparation, academic tutoring and college counseling services.

It operates The Princeton Review, which provides various educational test preparation, academic tutoring and college counseling services. The Princeton Review includes Tutor.com and The Princeton Review.

The Company operates a portfolio of over 45 brands, including Match, OkCupid, PlentyOfFish, Tinder, Meetic, Twoo, OurTime, BlackPeopleMeet and FriendScout24, each designed to manage its users' likelihood of finding a romantic connection.

Through its portfolio of brands, it provides tailored products to meet the varying preferences of its users.

It offers its dating products in approximately 38 languages across over 190 countries.

The company reports its earnings on November 1. Ahead of that, shares have formed a bullish "cup and handle" and are on the cusp of moving higher out of this formation. 

 

52-Weeks Trading Range: $8.41 - $18.87

Entry Point: $18.50

Stop Loss: $17.50

Target Price: $20.35

Updates

11/8/2016 10:07:48 AM

MTCH closed at $16.50.

Position closed on 11/8/2016 at price of $16.50 with a -10.81% loss in 20 days.

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