Long Position on ZM @ $80.00 on 5/23/2019 (Momentum)

Zoom Video Communications, Inc. (ZM) provides a video-first communications platform that delivers changes how people interact primarily in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

It connects people through frictionless video, voice, chat, and content sharing.

The company's cloud-native platform enables face-to-face video experiences and connects users across various devices and locations in a single meeting.

It serves education, entertainment/media, enterprise infrastructure, finance, healthcare, manufacturing, non-profit/not for profit and social impact, retail/consumer products, and software/Internet industries, as well as individuals. 

Shares of this recent IPO are appraoching a support level of $80. Shares came public at $60, and proceeded to advance to $90+  before seeing a pullback. 

Note the entry point

Entry Point: $80.00

Stop Loss: $76.00

Trading Range: $59.94 - $91.46

Target Price: $88.00

Updates

6/7/2019 9:30:50 AM

ZM closed at $95

Position closed on 6/7/2019 at price of $95.00 with a 18.75% gain in 15 days.

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