Long Position on CASA @ $19.50 on 2/6/2018 (Momentum)

Bullish Cup & Handle on CASACasa Systems, Inc. (CASA) provides software-centric broadband products in North America, Latin America, Europe, the Middle East, Africa, and Asia-Pacific.

The company offers converged cable access platform solutions that allow cable service providers to deliver voice, video, and data services over a single platform at multi-gigabit speeds.

It also provides solutions for next-generation distributed and virtualized architectures in cable operator, fixed telecom, and wireless networks. 

The Company also provides a solution enabling cable service providers to deliver IP voice, digital video and data over a single port; a solution enabling cable service providers to deliver multi-gigabit speeds to their subscribers; and a remote node solution to enable distributed broadband cable access at gigabit speeds.

The Company offers a scalable solution that meet the evolving bandwidth needs of its customers and their subscribers. Its first installation in a cable service provider’s network frequently involves deploying its broadband products in only a portion of the provider’s network and with only a fraction of the capacity of products enabled at the time of initial installation.

Shares of the recent IPO have formed a bullish "cup and handle" and are expected to head higher out of this formation.

 

52-Weeks Trading Range: $13.25 to $22.50

Entry Point: $19.50

Stop Loss: $18.50

Target Price: $21.45

Updates

2/27/2018 11:50:51 AM

CASA closed at $21.92

Position closed on 2/27/2018 at price of $21.92 with a 12.41% gain in 21 days.

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