Long Position on APTI @ $40.25 on 9/12/2018 (Momentum)

Apptio, Inc. (APTI) provides cloud-based technology business management (TBM) solutions to enterprises.

Its cloud-based platform and SaaS applications enable IT leaders to analyze, optimize, and plan technology investments, as well as to benchmark financial and operational performance against peers.

The company's TBM solutions consist of adaptive data management, which aggregates, cleanses, and correlates large amounts of customer data from various sources; and standard IT operating model and taxonomy that offers a standard model for how IT costs are captured, categorized, and allocated to IT and business services.

Its solution also comprises visual modeling, which allows users to build and manage the financial and operational model of their IT organization; powerful calculation engine that allows the models to be applied across very large data sets accessible to users through the analytics capabilities included in its applications; intuitive, self-service analytics for IT and business users; and modular applications comprising cost transparency, IT benchmarking, business insights, bill of IT, and IT planning applications.

The company operates in the United States, the United Kingdom, Germany, Denmark, the Netherlands, Australia, Canada, France, Singapore, and Italy. 

Shares have formed a bullish "cup and handle" and are expected to head higher. The formation is supported by the stock's 50-day moving average (shown in brown.)

Entry Point: $40.25

Stop Loss: $38.20

Trading Range: $16.98 - $40.44

Target Price: $44.28

Updates

4/1/2019 11:19:31 AM

APTI closed at $38.00

Position closed on 4/1/2019 at price of $38.00 with a -5.59% loss in 201 days.

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