Long Position on QNST @ $13.40 on 9/26/2018 (Momentum)

QuinStreet, Inc. (QNST) provides customer acquisition services for its clients in the United States and internationally.

It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.

The company provides its services in various verticals, such as financial services, education, business-to-business technology, and home services. 

In India, QuinStreet operates IndiaEducation.net, IndiaEduNews.net, and ExamResults.net, which it acquired in 2011 by incorporating QuinStreet India Marketing And Media Private Limited.

Shares are heading higher in an upward trading channel. The lower boundary of the said channel coincides with the stock's 50-day moving average. Higher share prices are expected for this stock.

Entry Point: $13.40

Stop Loss: $12.70

Trading Range: $6.86 - $16.42

Target Price: $14.75

Updates

10/31/2018 12:39:34 PM

QNST closed at $16.00.

Position closed on 10/31/2018 at price of $16.00 with a 19.40% gain in 35 days.

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