Long Position on QLYS @ $85.00 on 6/25/2018 (Momentum)

Bullish Cup and Handle on $QLYSQualys, Inc. (QLYS) provides cloud-based security and compliance solutions in the United States and internationally.

The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall. Its integrated suite of security and compliance solutions delivered on its Qualys Cloud Platform enables customers to identify IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions, and verify the implementation of such actions.

The company also provides core services, including asset tagging and management, reporting and dashboards, questionnaires and collaboration, remediation and workflow, big data correlation and analytics engine, and alerts and notifications, which enable integrated workflows, management and real-time analysis, and reporting across IT security and compliance solutions.

The company markets and sells its IT security and compliance solutions to customers directly through its sales teams, as well as indirectly through its network of channel partners, such as security consulting organizations, managed service providers and resellers, and consulting firms.

It serves enterprises, government entities, and small and medium-sized businesses in various industries, including education, financial services, government, healthcare, insurance, manufacturing, media, retail, technology, and utilities. 

Shares have formed a bullish "cup and handle" and are expected to see a pullback today before heading higher. Higher share prices are expected for this stock.

 

Entry Point: $85.00

Stop Loss: $81.00

52-Weeks Trading Range: $39.45 to $97.75

Target Price: $93.50

Updates

9/12/2018 9:33:32 AM

QLYS closed at $94.45

Position closed on 9/12/2018 at price of $94.45 with a 11.12% gain in 79 days.

Back to Portfolio