Long Position on FOUR @ $65.00 on 4/24/2023 (Momentum)

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

It provides omni-channel card acceptance and processing solutions, including credit, debit, contactless card, Europay, Mastercard and visa, QR Pay, and mobile wallets, as well as alternative payment methods; merchant acquiring; proprietary omni-channel gateway; complementary software integrations; integrated and mobile point-of-sale (POS) solutions; security and risk management solutions; reporting and analytical tools; and web-store design, hosting, shopping cart management, and fulfillment integration, as well as tokenization, payment device, and chargeback management, fraud prevention, and gift card solutions.

The company also offers VenueNext that provides mobile ordering, countertop POS, and self-service kiosk services, as well as digital wallet to facilitate food and beverage, merchandise, and loyalty for stadium and entertainment venues; and Shift4Shop, which offers eCommerce platform that provides everything a merchant needs to build their business online.

In addition, it provides Lighthouse, 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; SkyTab POS, a POS workstations pre-loaded with software suites and integrated payment functionality.

Shares are heading higher in an upward trading channel. Presently shares are at the lower boundary of the said channel. Higher share prices are expected.

 

Entry Point: $65.50

Stop Loss: $62.00

Trading Range: $29.39 - $76.40

Target Price: $72.00

Position closed on 5/4/2023 at price of $62.00 with a -4.62% loss in 10 days.

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