Long Position on DOCU @ $62.50 on 8/22/2018 (Momentum)

DocuSign, Inc. (DOCU) provides cloud based transaction products and services in the United States.

The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements.

DocuSign’s features include authentication services, user identity management and workflow automation. Signatures processed by DocuSign are comparable to traditional signatures based on the product's compliance with the ESIGN Act.

It serves large enterprises, sole proprietorships, small- to medium-sized businesses, professionals, and individuals. 

Shares of this recent IPO have formed a bullish "cup and handle" and are expected to move higher from this formation.

Entry Point: $62.50

Stop Loss: $59.25

Trading Range: $37.00 - $66.80

Target Price: $68.75

Updates

2/25/2019 12:07:40 PM

Closed at $54.75.

Position closed on 2/25/2019 at price of $54.75 with a -12.40% loss in 187 days.

Back to Portfolio