Long Position on ZS @ $122.25 on 8/14/2020 (Momentum)

Zscaler, Inc. (ZS) operates as a cloud security company worldwide.

The company offers Zscaler Internet Access solution that connects users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.

Its platform includes Zscaler Central Authority, Zscaler Enforcement Node, and Zscaler Nanolog Server modules.

Zscaler, Inc. serves customers in various industries, such as airlines and transportation, conglomerates, consumer goods and retail, financial services, healthcare, manufacturing, media and communications, public sector and education, technology, and telecommunications services.

The company was formerly known as SafeChannel, Inc., and changed its name to Zscaler, Inc. in August 2008.

Zscaler outpaced the S&P 500's daily gain this week and the upward momentum should continue along its "trading channel" in the coming weeks.

Entry point: $122.25

52-week trade range: $35.00 - $135.85

Stop/Loss: $116.15

Target Price: $134.50

Updates

8/20/2020 12:39:08 PM

ZS closed at $136.

Position closed on 8/20/2020 at price of $136.00 with a 11.25% gain in 6 days.

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