Long Position on TEAM @ $51.00 on 1/11/2018 (Momentum)

Atlassian Corporation Plc (TEAM) designs, develops, licenses, and maintains software, as well as provides software hosting services worldwide.

The company offers JIRA, a team planning and project management platform; Confluence, a team content creation and sharing solution; HipChat, a team messaging and communications tool; and Bitbucket, a team code sharing and management software, as well as JIRA Service Desk for team services and support applications. Its products enable teams to organize, discuss and complete shared work.

Shares have formed a bullish "double  bottom" ahead of its quarterly results on January 17th.  

Higher share prices are expected for this stock.

52-Weeks Trading Range: $25.16 - $53.45

Entry Point: $51.00

Stop Loss: $48.45

Target Price: $56.10

Updates

2/21/2018 11:28:02 AM

TEAM closed at $57.38

Position closed on 2/21/2018 at price of $57.38 with a 12.51% gain in 41 days.

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