Long Position on RPD @ $40.00 on 2/1/2019 (Momentum)

bullish cup and handle on $RPDRapid7, Inc. (RPD) provides analytics solutions for security and information (IT) operations.

Its vulnerability management solutions include InsightVM and Nexpose, which enables customers to assess and remediate their overall exposure to cyber risk; InsightAppSec, an insight platform based solution; AppSpider, an application security testing solution; and Metasploit, a penetration testing software solution.

The company's incident detection and response solutions comprise InsightIDR, an insight platform based solution; Managed Detection and Response, an outsourced service; and incident response services that offer customers with access to security experts and experience.

In addition, it provides Logentries, a cloud-based solution for collecting, searching, visualizing, and analyzing log data, as well as enables organizations to store and search data; InsightOps, an IT operations solution to centralize machine data from organizations' IT environments for operational awareness and control; and Komand, a solution, which is designed to automatically identify risks, respond to incidents, and address issues.

Further, the company provides security advisory services, such as cyber security maturity assessment, incident response program development, penetration testing, security program development, Virtual CISO, IoT security, and threat modeling services. It offers its products through a combination of perpetual and term software licenses, cloud-based subscriptions, and managed services.

The company serves clients in technology, energy, financial services, healthcare and life sciences, manufacturing, media and entertainment, retail, education, real estate, transportation, government, and professional services industries through sales teams, and indirect channel partner relationships, as well as directly in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

The company is expected to report its quarterly results on February 7th. Ahead of that, shares have broken out of their bullish "cup and handle" and have moved above the overhead resistance of $39. Higher share prices are expected for this stock.

 

Entry Point: $40.00

Stop Loss: $38.00

Trading Range: $21.33 - $40.53

Target Price: $44.00

 

 

Updates

2/12/2019 9:48:09 AM

RPD closed at $45.45

Position closed on 2/12/2019 at price of $45.45 with a 13.63% gain in 11 days.

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