Long Position on SQ @ $89.00 on 6/11/2020 (Momentum)

Square, Inc. (SQ) provides, together with its subsidiaries, payment and point-of-sale solutions in the United States and internationally.

The company's commerce ecosystem includes point-of-sale software and hardware that offers sellers to payment and point-of-sale solutions.

It provides hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts Europay, MasterCard, and Visa (EMV) chip cards and Near Field Communication payments; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; Square Register that combines its hardware, point-of-sale software, and payments technology; Square Terminal, a portable payments device that replaces keypad terminals, which accepts various payment types, such as tap, dip, and swipe, as well as prints receipts; and managed payments solutions.

The company also offers various software products, including Square Point of Sale; Square Virtual Terminal; Square Appointments; Square for Retail; Square for Restaurants; Square Invoices, Square Online Store; Square Loyalty, Marketing, and Gift Cards; and Square Dashboard.

In addition, it offers developer platform, which includes application programming interfaces and software development kits. Further, it provides managed payments, instant transfer, Square Card, Square Capital, and payroll.

Additionally, it provides Cash App, which enables to send, spend, and store money; and Weebly that offers customers website hosting and domain name registration solutions.

As the economy reopens, there will be more transactions taking place, and thus, more business for Square.

Entry point: $89.00

52-week trade range: $32.33 - $92.97

Stop/Loss: $83.50

Target Price: $97.90

Updates

6/17/2020 10:19:06 AM

SQ closed at $99.30.

Position closed on 6/17/2020 at price of $99.30 with a 11.57% gain in 6 days.

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