Long Position on ALTR @ $25.50 on 1/19/2018 (Momentum)

Altair Engineering Inc. (ALTR) provides enterprise-class engineering software worldwide.

Its integrated suite of multi-disciplinary computer aided engineering software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling and embedded systems, as well as provides data analytics and true-to-life visualization and rendering.

The company also offers client engineering services to support customers with long-term ongoing product design and development services, as well as consulting, training, and support services. 

Altair's software allows manufacturer to build test car after test car, and drive them into the ground until the transmission evaporates. Altair's software allows designers to just keep crashing them into walls, until all anticipated possible scenario and, perhaps, find the final best design. 

Shares of this recent IPO are heading higher in an upward trading channel. Presently shares are at the lower boundary of the said channel. Higher share prices are expected for this stock.

Entry Point: $25.50

52-Weeks Trading Range: $13.23 - $28.90

Stop Loss: $24.20

Target Price: $28.05

Updates

3/7/2018 10:56:49 AM

ALTR closed at $28.32

Position closed on 3/7/2018 at price of $28.32 with a 11.06% gain in 47 days.

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