Long Position on SOGO @ $13.50 on 6/21/2018 (Momentum)

Sogou Inc. (SOGO) provides search and search-related services in the People's Republic of China.

The company provides Sogou Search, a search engine; and Sogou Input Method, a Chinese language input software for mobile and PC MAUs.

It also offers search and search-related advertising services; Internet value-added services related to the operation of Web games and mobile games developed by third parties; and online reading services, as well as other products and services, including smart hardware products.

The company was incorporated in 2005 and is based in Beijing, the People's Republic of China. Sogou Inc. is a subsidiary of Sohu.com Inc.

Shares of this reent IPO have formed a bullish "cup and handle" and are on the verge of breaking up to the upside. Higher share prices are expected for this stock.

Entry Point: $13.50

Stop Loss: $13.00

52-Weeks Trading Range: $7.91 - $15.50

Target Price: $15.20

Updates

8/7/2018 9:34:32 AM

SOGO closed at $9.30

Position closed on 8/7/2018 at price of $9.30 with a -31.11% loss in 47 days.

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