Long Position on FLTX @ $38.40 on 8/2/2013 (Momentum)

Bullish Flag on FLTXFleetmatics Group PLC (FLTX) provides software-as-a-service fleet management solutions for small and medium-sized businesses worldwide.

It offers Web-based and mobile application solutions that provide fleet operators with visibility into vehicle location, fuel usage, speed and mileage, and other insights into their mobile workforce under the FleetMatics or SageQuest names.

The company serves owners and managers in the service and distribution industries that operate fleets of commercial vehicles.

The Company’s Fleet Tracking Alerts allow fleet operators to set driver performance thresholds and receive e-mail notifications when unwanted driving behavior occurs. Notifications are sent when a vehicle enters or exits specified areas, moves during specified times, or when a vehicle’s speed or idle time exceeds specified thresholds. Its Route Replay feature allows customers to play back each journey taken by their vehicles, from start up to shut down and provides customers with minute-by-minute location and speed details. Fleet operators can start, stop, pause, and change the speed of the journey replay using intuitive playback controls to monitor and analyze driver behavior. Integration with Google Maps enables customers to pinpoint vehicle location with satellite, street views and zooming capabilities.

Shares have formed a bullish "flag" and higher share prices are expected for this stock.

 

52-Week Trading Range:  $19.20 - $39.95

Entry Point:  $38.40

Stop Loss:  $36.60

Target Price:  $42.30

Updates

8/8/2013 9:31:10 AM

FLTX closed at $44 after shares gapped up and exceeded our taget price. If you elect to stay in the trade, raise your stop loss to $42.75.

Position closed on 8/8/2013 at price of $44.00 with a 14.58% gain in 5 days.

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