Long Position on EXFY @ $48.50 on 11/29/2021 (Momentum)

Expensify, Inc. (EXFY) provides a cloud-based expense management software platform to individuals, small businesses, and corporations in the United States and internationally.

The company's platform enables users to manage corporate cards, pay bills, generate invoices, collect payments, and book travel. It also offers track and submit plans for individuals.

Expensify has developed an expense reporting mobile and web application available in the Apple and Android marketplaces. The app tracks and files expenses such as fuel, travel, and meals; once users photograph receipts, artificial intelligence identifies the merchant, date and amount of the transaction, then automatically categorizes and saves the expense. It also allows users to create receipts from online purchases that can be submitted for reimbursement.

Expensify allows users to download expense reports based on user transactions. It also integrates with other financial applications and can also automatically import expenses incurred with partner companies.

Shares of this recent IPO have broken out of their bullish "flag" following its IPO. Higher share prices are expected.

Entry Price: $48.50

Stop Loss: $46.00

Trading Range: $37.48 - $51.06

Target Price: $53.25

Position closed on 1/14/2022 at price of $46.00 with a -5.15% loss in 46 days.

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