Long Position on MRCY @ $61.50 on 2/7/2019 (Momentum)

Mercury Systems, Inc. (MRCY) provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States.

Its products and solutions are deployed in approximately 300 programs with 25 defense contractors.

The company's principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, Paveway, Filthy Buzzard, PGK, ProVision, P1, and AIDEWS.

It also designs, markets, and licenses software and middleware environments under the MultiCore Plus name to enhance development and execution of signal and image processing applications on a range of heterogeneous and multi-computing platforms.

In addition, the company offers hardware products, including components, such as power amplifiers and limiters, switches, oscillators, filters, equalizers, digital and analog converters, chips, monolithic microwave integrated circuits, and memory and storage devices; embedded processing modules and boards, switch fabric boards, high speed input/output boards, digital receiver boards, multi-chip modules, integrated radio frequency and microwave multi-function assemblies, tuners, and transceivers, as well as graphics and video processing, and Ethernet and input-output boards; and integrated subsystems.

Shares have formed a bullish "flag" following the company's latest quarterly report on January 29th. Mercury (MRCY) reported 2nd Quarter December 2018 earnings of $0.50 per share on revenue of $159.1 million. The consensus earnings estimate was $0.42 per share on revenue of $154.5 million. Higher share prices are expected for this stock.

Entry Point: $61.50

Stop Loss: $58.25

Trading Range: $30.11 - $62.59

Target Price: $67.65

Updates

4/9/2019 1:07:07 PM

MRCY closed at $65.50

Position closed on 4/9/2019 at price of $65.50 with a 6.50% gain in 61 days.

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