Long Position on CHGG @ $19.00 on 2/23/2018 (Momentum)

Chegg, Inc. (CHGG) operates student-first connected learning platform that help students transition from high school to college to career.

The company's products and services help students to study for college admission exams, find the right college to accomplish their goals, get better grades and test scores while in school, and find internships that allow them to gain skills to help them enter the workforce after college.

It offers print textbook and eTextbook library for rent and sale; and provides eTextbooks, supplemental materials, Chegg Study service, tutoring service, writing tools, textbook buyback, test preparation service, internships, and college admissions and scholarship services, as well as enrollment marketing and brand advertising services. 

This is a volatile stock, however shares have formed a bullish "flag" following the company's latest quarterly report. Higher share prices are expected for this stock. Wait for the entry point.

52-Weeks Trading Range: $7.81 - $20.78

Entry Point: $19.00

Stop Loss: $18.05

Target Price: $20.90

Updates

3/5/2018 1:04:36 PM

CHGG closed at $21.04

Position closed on 3/5/2018 at price of $21.04 with a 10.74% gain in 10 days.

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