Long Position on FOUR @ $56.00 on 12/30/2022 (Momentum)

Shift4 Payments, Inc. (FOUR) provides integrated payment processing and technology solutions in the United States. Stockwinners

Its payments platform provides omni-channel card acceptance and processing solutions, including end-to-end payment processing for various payment types; merchant acquiring; proprietary omni-channel gateway; complementary software integrations; integrated and mobile point-of-sale (POS) solutions; security and risk management solutions; and reporting and analytical tools, as well as tokenization, risk management/underwriting, payment device and chargeback management, fraud prevention, and gift card solutions.

The company also offers suite of technology solutions, such as Lighthouse 5, a cloud-based business intelligence tool that includes customer engagement, social media management, online reputation management, scheduling, and product pricing, as well as reporting and analytics; integrated POS for merchants business; and Skytab, a mobile payment solution.

In addition, it provides marketplace technology that enable seamless integrations into third-party applications, which includes online delivery services, payroll, timekeeping, and other human resource services.

Shares have formed a bullish "cup and handle" following it's latest report. On November 7th, it guided higher. The Company said it expects 2022 revenue of $1.95 billion to $2.00 billion. The company's previous guidance was revenue of $1.90 billion to $2.00 billion for the year ending December 31, 2022. Higher share prices are expected.

 

Entry point: $56.00

52-week trade range: $29.39 to $66.86

Stop/Loss: $53.90

Target Price: $61.60

Position closed on 1/3/2023 at price of $53.90 with a -3.75% loss in 4 days.

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