Long Position on CSOD @ $57.00 on 9/28/2018 (Momentum)

Cornerstone OnDemand, Inc. (CSOD) provides learning and human capital management software through software-as-a-service model worldwide.

Its enterprise human capital management platform comprises four product suites, such as Recruiting Suite that helps organizations to source and attract candidates, assess and select applicants, onboard new hires, and manage the entire recruiting process; Learning Suite, which enables clients to manage training and development programs, knowledge sharing and collaboration among employees, track compliance requirements, and support career development for employees; Performance Suite that provides tools to manage goal setting, performance reviews, competency assessments, development plans, continuous feedback, compensation management, and succession planning; and HR Administration Suite, which supports employee records administration, organizational management, employee and manager self-service, workforce planning, and compliance reporting.

The company also offers PiiQ, a cloud-based talent management solution for organizations with 500 or fewer employees; and Cornerstone Edge solutions that allow clients and partners to integrate with marketplace of service providers.

In addition, it provides professional services, including application configuration, system integration, business process re-engineering, change management, and training.

The company serves automotive, business services, education and publishing, financial services, food and restaurants, healthcare, insurance, media and communications, non-profits, pharmaceuticals, public sector, retail, technology, and travel industries.

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock. The 50-day moving average is acting as a support for the formation.

Entry Point: $57.00

Stop Loss: $54.15

Trading Range: $33.57 - $59.18

Target Price: $62.70

Updates

1/31/2019 10:46:35 AM

CSOD closed at $57.63

Position closed on 1/31/2019 at price of $57.63 with a 1.11% gain in 125 days.

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