Long Position on SQ @ $73.00 on 2/11/2019 (Momentum)

bullish cup and handle on $SQ, Stockwinners.comSquare, Inc. (SQdevelops and provides payment processing, point-of-sale (POS), financial, and marketing services worldwide.

It provides Square Point of Sale, a POS application software that offers managed payments solutions and advanced software products, including Square Dashboard, a cloud-based reporting and analytics tool that provides sellers with real-time data and insights about sales, items, customers, and employees; Square Payroll, which empowers sellers to hire, onboard, and pay employees and the associated taxes; and customer engagement tools that help sellers to enhance their business through digital customer feedback, marketing, and loyalty programs.

The company also offers in-person/card present payments solutions, such as magstripe readers, contactless and chip readers, and chip card readers; and Square Stand that transforms an iPad into a POS terminal. In addition, it provides online/card not present payments services through the Square Point of Sale mobile apps or Square Virtual Terminals; Square Invoices and Square Online Store for processing payments; Square Cash, a peer-to-peer payments service; Square Capital that facilitates loans to pre-qualified sellers based on real-time payment and POS data; and Caviar, a courier order management app that provides food delivery services for restaurants.

Further, the company offers gift cards, square appointments, instant deposit, customer engagement, employee management, and other subscription and services-based products.

Its customers include retail, services, and food-related industries of various sizes ranging from a single vendor at a farmers' market to multi-location businesses. 

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

52-Weeks Trading Range: 38.80 - $101.15

Entry Point: $73.00

Stop Loss: $69.00

Target Price: $80.05

Updates

5/15/2019 10:57:07 AM

Closed at $65.00

Position closed on 5/15/2019 at price of $65.00 with a -10.96% loss in 93 days.

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