Long Position on AYX @ $40.90 on 7/13/2018 (Momentum)

Alteryx, Inc. (AYX) operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts.

Its software platform includes Alteryx Designer for data preparation, blending, and analytics that could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable server-based product for scheduling, sharing, and running analytic processes and applications in a Web-based environment; Alteryx Connect, a collaborative data exploration platform for discovering information assets and sharing recommendations across the enterprise; Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models to production; and Alteryx Analytics Gallery, a cloud-based collaboration offering that allows users to share workflows in a centralized repository.

The company also provides technical support, instruction, and customer services. 

Shares have formed a bullish "cup and handle" and are on the cusp of a bullish breakout. The 50-day moving average is shown in brown.

Entry Point: $40.90

Stop Loss: $38.85

Trading Range: $18.64 - $41.47

Target Price: $45.00

Updates

8/8/2018 2:58:05 PM

AYX closed at $47.75

Position closed on 8/8/2018 at price of $47.75 with a 16.75% gain in 26 days.

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