Long Position on MTCH @ $55.50 on 4/9/2019 (Momentum)

Match Group, Inc. (MTCH) provides dating products worldwide.

It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands.

Match Group, Inc. offers its dating products through its applications and Websites in approximately 40 languages.

Match Group, Inc. is a subsidiary of IAC/InterActiveCorp.

On February 6th, the company reported 4th Quarter December 2018 earnings of $0.42 per share on revenue of $457.3 million. The consensus earnings estimate was $0.38 per share on revenue of $447.8 million. 

Shares have formed a bullish "double bottom" and are expected to move higher. The 50-day moving average (shown in brown) supports the formation. 

Entry Point: $55.50

Stop Loss: $52.50

Trading Range: $33.30 - $60.95

Target Price: $61.05

Updates

4/15/2019 1:03:35 PM

MTCH closed at $61.30

Position closed on 4/15/2019 at price of $61.30 with a 10.45% gain in 6 days.

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