Long Position on CDW @ $107.50 on 5/3/2019 (Momentum)

CDW Corporation (CDW) provides integrated information technology (IT) solutions to business, government, education, and healthcare customers in the United States, the United Kingdom, and Canada.

It operates through three segments: Corporate, Small Business, and Public.

The company offers discrete hardware and software products, as well as integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration.

Its hardware products comprise notebooks/mobile devices, network communications, desktop computers, video monitors, enterprise and data storage products, printers, and servers; and software products include application suites, security, virtualization, operating systems, and network management.

The company also provides warranties, managed services, and consulting design and implementation services. The company reported its quarterly results on May 1. CDW (CDW) reported 1st Quarter March 2019 earnings of $1.23 per share on revenue of $4.0 billion. The consensus earnings estimate was $1.07 per share on revenue of $3.8 billion. Revenue grew 9.7% on a year-over-year basis.

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

Entry Point: $107.50

Trading Range: $74.19 to $111.59

Stop Loss: $102.00

Target Price: $118.25

Updates

6/28/2019 1:39:42 PM

CDW closed at $111.00

Position closed on 6/28/2019 at price of $111.00 with a 3.26% gain in 56 days.

Back to Portfolio