Long Position on TEAM @ $55.36 on 3/26/2018 (Fundamentals)

Atlassian Corporation Plc (TEAM) designs, develops, licenses, and maintains software, as well as provides software hosting services worldwide.

The company offers JIRA, a team planning and project management platform; Confluence, a team content creation and sharing solution; HipChat, a team messaging and communications tool; and Bitbucket, a team code sharing and management software, as well as JIRA Service Desk for team services and support applications. Its products enable teams to organize, discuss and complete shared work.

Shares are heading higher in an upward trading channel. The lower boundary of the sid channel coincides with the stock's 50-day moving average showin in brown. We expect shares to head higher from present levels. The company reports its results on or about April 26th.

52-Weeks Trading Range:  $29.14 - $62.17

Entry Point: $55.36

Stop Loss: $52.60

Target Price: $60.90

Updates

4/16/2018 2:46:53 PM

TEAM closed at $60.90.

Position closed on 4/16/2018 at price of $60.90 with a 10.01% gain in 21 days.

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