Long Position on ETSY @ $42.50 on 8/3/2018 (Momentum)

Etsy, Inc. (ETSY) operates Etsy.com, a commerce platform to make, sell, and buy goods online and offline primarily in the United States, United Kingdom, Canada, Australia, France, and Germany.

It provides various seller services and tools that are designed to help entrepreneurs for starting, managing, and scaling their businesses.

The company offers approximately 50 million items across approximately 50 retail categories to buyers.

It also provides various seller services, including Etsy payments, a payment processing service; promoted listings, an on-site advertising service that allows sellers to pay for prominent placement of their listings in search results; shipping labels, which allows sellers in the United States and Canada to purchase discounted shipping labels; and pattern, a service that allows sellers to build custom Websites, as well as offers seller tools and education resources to manage the administrative side of their businesses.

Shares of this stock have formed a bullish "flag" and are expected to move higher out of this formation.

Entry Point: $42.50

Stop Loss: $40.30

Trading Range: $14.82 - $45.88

Target Price: $46.75

Updates

8/7/2018 9:31:00 AM

ETSY closed at $49.85

Position closed on 8/7/2018 at price of $49.85 with a 17.29% gain in 4 days.

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