Long Position on PAGS @ $33.00 on 3/20/2018 (Momentum)

PagSeguro Digital Ltd. (PAGS) provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally.

Its products and services include PagSeguro Ecosystem, an end-to-end digital ecosystem that operates as a closed loop where its clients are able to address their main day to day financial needs, including receiving and spending funds, and managing and growing their businesses; and Free PagSeguro Digital Account that centralizes all cash-in options, functionalities, services and cash-out options in a single ecosystem.

The company also acquires and sells point of sale devices and other products; and offers online gaming and cross-border digital services.

In addition, it operates an online platform that facilitates peer-to-peer lending; and issues prepaid cards to clients for spending or withdrawing account balances. 

Shares of this recent IPO have formed a bulish "trading channel." Higher share prices are expected for this stock.

52-Weeks Trading Range: $26.78 - $37.75

Entry Point: $33.00

Stop Loss: $31.35

Target Price: $36.30

Updates

3/21/2018 2:12:54 PM

PAGS closed at $36.48

Position closed on 3/21/2018 at price of $36.48 with a 10.55% gain in 1 days.

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