Long Position on SODA @ $50.75 on 4/17/2017 (Momentum)

SodaStream International Ltd. (SODA) manufactures, distributes, and sells home beverage carbonation systems.

Its home beverage carbonation systems, which enable consumers to transform ordinary tap water into sparkling water and flavored sparkling water.

The company offers sparkling water makers and exchangeable carbon-dioxide (CO2) cylinders, as well as consumables, such as CO2 refills, reusable carbonation bottles, and flavors; and other accessories, such as bottle cleaning materials and ice cube trays, as well as distributes Brita water filtration systems in Israel.

It markets its products directly; and through individual retail stores, local distributors, and online under the SodaStream and Soda-Club brand names.

As of December 31, 2016, the company sells its products through approximately 80,000 individual retail stores in 45 countries. It operates in the Americas; Western Europe; the Asia-Pacific; and Central and Eastern Europe, the Middle East, and Africa. 

Shares have formed a bullish "cup and handle" and are on the cusp of breaking out of this formation. The formation is supported by the stock's 50-day moving average (shown in green). Higher share prices are expected for this stock.

52-Weeks Trading Range: $13.63 - $52.26

Entry Point: $50.75

Stop Loss: $48.20

Target Price: $55.80

Updates

4/19/2017 3:55:25 PM

SODA closed at $53.40

Position closed on 4/19/2017 at price of $53.40 with a 5.22% gain in 2 days.

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