Long Position on TTGT @ $94.00 on 11/1/2021 (Momentum)

TechTarget, Inc.(TTGT) provides marketing and sales services that deliver business impact for enterprise technology companies in North America and internationally. bullish cup and handle, $TTGT

It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation and brand advertising techniques.

The company offers online services, including IT Deal Alert, including priority engine, qualified sales opportunities, deal data services; demand solutions, such as white papers, webcasts, podcasts, videocasts, virtual trade shows, and content sponsorships; brand solutions comprise on-network, off-network, and microsites and related formats branding; and custom content creation.

It also operates an integrated content platform that consists of a network of approximately 140 websites that focus on a specific IT sector, such as storage, security, networking, or business applications.

In addition, the company enables registered members to conduct their pre-purchase research by accessing vendor supplied content through a websites network.

Shares have formed a bullish "cup and handle" ahead of its earnings release on November 3rd. On August 4th, the company reported 2nd Quarter June 2021 earnings of $0.56 per share on revenue of $63.7 million. The consensus earnings estimate was $0.49 per share on revenue of $60.0 million.

Higher share prices are expected.

 

Entry Point: $94.00

Trading Range: $43.31 - $101.12

Stop Loss: $89.00

Target Price: $103.40

Position closed on 11/9/2021 at price of $105.00 with a 11.70% gain in 8 days.

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