Long Position on SQ @ $27.20 on 9/13/2017 (Momentum)

Upward Trading Channel on SQ. See Stockwinners.comSquare, Inc. (SQdevelops and provides payment processing, point-of-sale (POS), financial, and marketing services worldwide.

It provides Square Point of Sale, a POS application software that offers managed payments solutions and advanced software products, including Square Dashboard, a cloud-based reporting and analytics tool that provides sellers with real-time data and insights about sales, items, customers, and employees; Square Payroll, which empowers sellers to hire, onboard, and pay employees and the associated taxes; and customer engagement tools that help sellers to enhance their business through digital customer feedback, marketing, and loyalty programs.

The company also offers in-person/card present payments solutions, such as magstripe readers, contactless and chip readers, and chip card readers; and Square Stand that transforms an iPad into a POS terminal. In addition, it provides online/card not present payments services through the Square Point of Sale mobile apps or Square Virtual Terminals; Square Invoices and Square Online Store for processing payments; Square Cash, a peer-to-peer payments service; Square Capital that facilitates loans to pre-qualified sellers based on real-time payment and POS data; and Caviar, a courier order management app that provides food delivery services for restaurants.

Further, the company offers gift cards, square appointments, instant deposit, customer engagement, employee management, and other subscription and services-based products.

Its customers include retail, services, and food-related industries of various sizes ranging from a single vendor at a farmers' market to multi-location businesses. 

Shares are heading higher in an upward "trading channel" and higher share prices are expected for this stock.

52-Weeks Trading Range: $10.88 - $27.97

Entry Point: $27.20

Stop Loss: $26.00

Target Price: $29.92

Updates

10/3/2017 3:14:44 PM

SQ closed at $30.00

Position closed on 10/3/2017 at price of $30.00 with a 10.29% gain in 20 days.

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