Long Position on TENB @ $46.00 on 3/28/2023 (Momentum)

Tenable Holdings, Inc. (TENB) provides cyber exposure solutions. 

Its platforms include Tenable.io, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable.cs, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable.io Web Application Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; and Tenable.asm, an external attack surface management solution.

The company also offers Tenable.ad, a solution to secure Active Directory environments; Tenable.ot, an operational technology security solution which provides threat detection, asset tracking, vulnerability management, and configuration control capabilities; Tenable.sc, an on-premises solution that provides a risk-based view of an organization's IT, security and compliance posture.

In addition, it provides Nessus, a vulnerability assessment solution for cybersecurity industry and enterprise platform; and Nessus Expert, that enables users to programmatically detect cloud infrastructure misconfigurations and vulnerabilities in the design and build phase. 

Shares have formed a bullish "wedge" and are expected to move higher out of this formation. Note the 50-day moving average.

Entry Point: $46.00

Trading Range: $28.80 - $63.61

Stop Loss: $43.50

Target Price: $50.60

Position closed on 4/25/2023 at price of $43.50 with a -5.43% loss in 28 days.

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