Long Position on SEND @ $30.84 on 3/22/2018 (Momentum)

Bullish Cup & Handle on SENDSendGrid, Inc. (SEND) provides a digital communication platform.

The Company’s platform enables businesses to engage with their customers through email.

It offers three services: Email application programming interface (API), marketing campaigns and Expert services.

Its email API service allows developers to use its API in their preferred development framework to leverage its platform to add email functionality to their applications.

Its marketing campaigns service allows marketers to upload and manage customer contact lists, create and test email templates, and then execute and analyze multi-faceted email campaigns. Its Expert services help businesses optimize their email delivery. The features of email API include integrations, documentations, internet protocol (IP) management, deliverability, reporting and analytics, mobile support and security.

Its marketing campaign services include segmentation and contact management tools, A/B testing, email template editor and analytics and reporting.

Shares of this recent IPO have formed a bulllish "cup and handle" and are on the cusp of breaking to the upside.

 

Entry Point: $30.84

52-Weeks Trading Range: $17.50 to $32.03

Stop Loss: $29.20

Target Price: $33.92

Updates

4/11/2018 10:36:13 AM

SEND closed at $26.00

Position closed on 4/11/2018 at price of $26.00 with a -15.69% loss in 20 days.

Back to Portfolio