Long Position on GWRE @ $84.75 on 3/6/2018 (Momentum)

Bullish Cup & Handle on GWREGuidewire Software, Inc. (GWRE) provides software products for property and casualty insurers.

It offers Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers.

The company's products include Guidewire InsuranceSuite comprising Guidewire PolicyCenter, an underwriting and policy administration application; Guidewire ClaimCenter, a lifecycle management application; Guidewire BillingCenter, manages billing, payment plans, agent commissions, and external payment systems; and Guidewire Underwriting Management, a cloud-based underwriting application.

Its InsuranceSuite add-on applications consist of Guidewire Rating Management to manage the pricing of insurance products; Guidewire Reinsurance Management to use rules-based logic to execute reinsurance strategy through underwriting and claims processes; Guidewire Client Data Management to manage customer information; and Guidewire Product Content Management that provides software tools and standards-based line-of-business templates to introduce and modify insurance products.

The company also provides data management and analytics products, such as Guidewire DataHub, a data store that unifies, standardizes, and stores data from insurer’s systems and external sources; Guidewire InfoCenter that provides information for business intelligence, analysis, and enhanced decision making; Guidewire Live that aggregate data from internal and third-party sources, and analyze and visualize data; and Guidewire Predictive Analytics, a tool that allows insurers to make data-driven decisions.

In addition, it offers Guidewire Digital Engagement Applications to provide digital experiences to customers, agents, vendors, and field personnel through their device of choice; and implementation and integration, maintenance support, and professional services, as well as Guidewire Production Services. 

Shares are heading higher in a bullish cup and handle. The company is scheduled to report its quarterly results today after the close.  Higher share prices are expected for this stock.

 

52-Weeks Trading Range: $54.74 - $85.22

Entry Point: $84.75

Stop Loss: $80.00

Target Price: $93.22

Updates

5/18/2018 10:06:25 AM

GWRE closed at $93.25

Position closed on 5/18/2018 at price of $93.25 with a 10.03% gain in 73 days.

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