Long Position on LOGM @ $125.20 on 2/14/2018 (Momentum)

Bullish Cup & Handle on LOGMLogMeIn, Inc. (LOGM) provides cloud-based services for individuals and businesses to securely connect to their workplace, colleagues, and customers.

The company offers GoToMeeting, a secure product for online meetings, sales demonstrations, and collaborative gatherings; GoToTraining, a secure online training product for interactive training sessions; GoToWebinar, a do-it-yourself Webinar product for organizations to enhance market reach; join.me, join.me pro, and join.me enterprise that are browser-based online meeting and screen sharing services; OpenVoice, a reservation-less audio conferencing service; Grasshopper, a provider of cloud-based telephony solutions; and BoldChat, a Web-based live chat service.

It also provides GoToAssist, GoToAssist Corporate, and GoToAssist Seeit, which offer cloud-based IT support solutions to deliver uptime for people and their computers, mobile devices, and apps; LogMeIn Rescue, Rescue Lens, and LogMeIn Rescue+Mobile, which are Web-based remote support and customer care services offering remote support; and Xively, an IoT cloud platform and connected product management solution.

In addition, the company offers LogMeIn Central, a Web-based management console; GoToMyPC, an online service that enables mobile workstyles; LogMeIn Pro, a remote access service; LastPass, a password management and single sign on solution; LogMeIn Backup, a service that subscribers install on two or more computers to create a backup network; LogMeIn Hamachi, a hosted virtual private network service; and RemotelyAnywhere, a LAN-based systems administration product used to manage personal computers and servers. It serves small and medium businesses, IT service providers, mobile carriers, customer service centers, original equipment manufacturers, enterprise customers, and consumers. 

Shares have formed a bullish "cup and handle" ahead of the company's quarterly report on Thursday. An EPS of $1.16 on revenue of $278 million. Higher share prices are expcted for this stock.

 

52-Weeks Trading Range: $90.35 - $129.51

Entry Point: $125.20

Stop Loss: $118.85

Target Price: $137.70

Updates

5/10/2018 11:15:14 AM

LOGM closed at $117.58

Position closed on 5/10/2018 at price of $117.58 with a -6.09% loss in 85 days.

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