Long Position on FIVN @ $21.90 on 9/12/2017 (Momentum)

Five9, Inc. (FIVN) provides cloud software for contact centers in the United States and internationally.

It offers virtual contact center cloud platform that delivers a suite of applications which enables the breadth of contact center-related customer service, sales, and marketing functions; and acts a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

The company's solution enables its clients to manage these customer interactions across various channels, including voice, chat, email, Web, social media, and mobile, as well as connects them to an appropriate agent.

It also provides a set of management applications, including workforce management, reporting, quality management, and supervisor tools.

The company serves customers in various industries, including banking and financial services, business process outsourcers, consumer, healthcare, and technology.

Shares have formed a "bullish wedge" and higher share prices are expected for this stock. Note that the formation is supported by the stock's 50-day moving average. The firm reports its earnings on October 30th.

52-Weeks Trading Range: $12.58 - $24.80

Entry Point: $21.90

Stop Loss: $

Target Price: $20.80

Target Price: $24.10

Updates

10/2/2017 10:45:37 AM

FIVN closed at $24.65

Position closed on 10/2/2017 at price of $24.65 with a 12.56% gain in 20 days.

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