Long Position on VIAV @ $12.50 on 10/5/2018 (Momentum)

Viavi Solutions Inc. (VIAV) provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide.

The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.

The Network Enablement segment offers testing solutions that access the network to perform build-out and maintenance tasks. This segment provides solutions that include instruments, software, and services to design, build, activate, certify, troubleshoot, and optimize networks. It also offers support and professional services, such as repair, calibration, software support, and technical assistance for the products; and system integration projects, including project management, installation, and implementation, as well as product and technology training, and consulting services.

The Service Enablement segment provides embedded systems and enterprise performance management solutions for communication service providers, enterprises, and cloud operators with visibility into network, service, and application data.

Its solutions include instruments, microprobes, and software, which monitor, collect, and analyze network data to reveal the actual customer experience and to identify opportunities for new revenue streams and network optimization.

The Optical Security and Performance Products segment offers optical products for anti-counterfeiting, government, industrial, automotive, and consumer electronic markets, including 3D sensing applications. 

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

Entry Point: $12.50

Stop Loss: $11.75

Trading Range: $8.34 - $12.82

Target Price: $13.75

Updates

2/20/2019 12:48:56 PM

VIAV closed at $13.15.

Position closed on 2/20/2019 at price of $13.15 with a 5.20% gain in 138 days.

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