Long Position on TEAM @ $98.50 on 2/4/2019 (Momentum)

This stock has been one of our favorite picks since 2016.

Atlassian Corporation Plc (TEAM) designs, develops, licenses, and maintains software, as well as provides software hosting services worldwide.

The company offers JIRA, a team planning and project management platform; Confluence, a team content creation and sharing solution; HipChat, a team messaging and communications tool; and Bitbucket, a team code sharing and management software, as well as JIRA Service Desk for team services and support applications. Its products enable teams to organize, discuss and complete shared work.

Shares have formed a bullish "cup and handle" following the company's latest quarterly report and are expected to head higher from this formation.  

Higher share prices are expected for this stock.

52-Weeks Trading Range: $47.74 - $101.76

Entry Point: $98.50

Stop Loss: $93.00

Target Price: $108.40

Updates

3/1/2019 11:26:48 AM

TEAM closed at $108.80

Position closed on 3/1/2019 at price of $108.80 with a 10.46% gain in 25 days.

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