Long Position on TTGT @ $27.80 on 7/2/2018 (Momentum)

TechTarget, Inc. (TTGT) provides specialized online content for buyers of enterprise information technology (IT) products and services in the United States, the United Kingdom, and internationally.

It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation and brand marketing, as well as advertising techniques, which enable IT vendors to identify, reach, and influence corporate IT decision makers who are researching specific IT purchases.

The company offers online services, including IT Deal Alert, core online, demand solutions, brand solutions, and custom content creation.

It also operates an integrated content platform that consists of a network of approximately 140 Websites that focus on a specific IT sector, such as storage, security, networking, or business applications.

In addition, the company enables registered members to conduct their pre-purchase research by accessing vendor supplied content through a network of Websites. 

Shares have formed a bullish "cup and handle" and are expected to head higher from this formation. The 50-day moving average is shown in brown and is expected to act as a support for the formation.

Entry Point: $27.80

Stop Loss: $26.40

52-Weeks Trading Range: $9.11 - $30.18

Target Price: $30.58

Updates

7/10/2018 10:41:53 AM

TTGT closed at $30.65

Position closed on 7/10/2018 at price of $30.65 with a 10.25% gain in 8 days.

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