Long Position on INXN @ $59.00 on 2/8/2018 (Momentum)

Bullish Trading channell on INXNInterXion Holding N.V. (INXN) provides carrier and cloud neutral colocation data center services in France, Germany, the Netherlands, the United Kingdom, and the rest of Europe.

The company enables its customers to connect to a range of telecommunications carriers, Internet service providers, and other customers.

Its data centers acts as content, cloud, and connectivity hubs that facilitate the processing, storage, sharing, and distribution of data, content, and applications between its customers.

The company offers colocation services, including space and power to deploy IT infrastructure in its data centers; power backup services; and connectivity services that allow its customers to connect their IT infrastructure to exchange traffic and access cloud platforms, as well as installs and manages physical connections running from its customers' equipment to the equipment of its telecommunications carriers, Internet exchange customers, and other customers.

It also provides managed services comprising systems monitoring, systems management, engineering support services, data back-up, and storage services. The company offers its services to digital media and distribution, enterprises, financial services sectors, system integrators, cloud providers, and connectivity providers through direct sales forces, as well as through tradeshows, networking events, and industry seminars. As of December 31, 2016, it operated through 45 carrier and cloud neutral colocation data centers in 13 metropolitan areas in 11 countries.

In addition, the company is involved in real estate management/holding businesses. 

Shares are heading higher in an upward trading channel. The lower boundary of the said channel coincides with the stock's 50-day moving average. The firm reports March 6th. Higher share prices are expected for this stock.

 

Entry Point: $59.00

Stop Loss: $56.05

52-Weeks Trading Range: $36.94 - $64.00

Target Price: $64.90

Updates

4/16/2018 2:51:29 PM

INXN closed at $64.62

Position closed on 4/16/2018 at price of $64.62 with a 9.53% gain in 67 days.

Back to Portfolio