Long Position on AI @ $34.50 on 12/16/2021 (Momentum)

C3.ai, Inc. (AI) operates as an enterprise artificial intelligence (AI) software company in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. Stockwinners

It offers software-as-a-service applications for enterprises. Its software solutions include C3 AI Suite, a platform-as-a-service application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI Ex Machina to analysis-ready data; and C3 AI CRM, an AI-first customer relationship management solution to drive customer-facing operations.

It also offers C3 AI applications, including C3 AI Inventory Optimization, a solution to optimize raw material, in-process, and finished goods inventory levels; C3 AI Supply Network Risk, which provides visibility into risks of disruption throughout the supply chain operations; C3 AI Customer Churn Management, which enables account executives and relationship managers to monitor customer satisfaction, as well as to prevent customer churn with AI-based and human-interpretable predictions and warning; C3 AI Production Schedule Optimization, a solution for scheduling production; C3 AI Predictive Maintenance, which provides insight into asset risk to maintenance planners and equipment operators; C3 AI Fraud Detection solution that identify revenue leakage or maintenance and safety; and C3 AI Energy Management solution.

In addition, it offers integrated turnkey enterprise AI applications for oil and gas, chemicals, utilities, manufacturing, financial services, defense, intelligence, aerospace, healthcare, and telecommunications market segments. It has strategic partnerships with Baker Hughes in the areas of oil and gas market; FIS in the areas of financial services market; Raytheon; and AWS, Intel, and Microsoft.

Shares have formed a double bottom formation following several events. Investors did not act favorably to the company's latest quarterly reports. The report sent shares to an all time low. Shares rebounded after the company received a $500 million DoD contract. Shares pulled back on profit taking. Yesterday the company announced a $100 million share buyback program which sent the shares to their current position. We expect higher share prices for this stock.

 

Entry Point: $34.50

Stop Loss: $32.85

Trading Range: $27.52 to $183.90

Target Price: $39.00

Position closed on 2/1/2022 at price of $32.50 with a -5.80% loss in 47 days.

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