Long Position on ZS @ $45.00 on 1/24/2019 (Momentum)

Zscaler, Inc. (ZS) operates as a cloud security company worldwide.

The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.

It serves customers in various industries, such as airlines and transportation, conglomerates, consumer goods and retail, financial services, healthcare, manufacturing, media and communications, public sector and education, technology, and telecommunications services. 

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

Entry Point: $45.00

Stop Loss: $42.00

Trading Range: $24.76 - $48.24

Target Price: $49.50

Updates

2/5/2019 10:48:03 AM

ZS closed at $49.88

Position closed on 2/5/2019 at price of $49.88 with a 10.84% gain in 12 days.

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