Long Position on SEND @ $46.00 on 1/14/2019 (Momentum)

SendGrid, Inc. (SEND) operates as a digital communication platform in the United States and internationally.

Its cloud-based platform provides various tools to the businesses, including developers and marketers to reach their customers using an email.

The company offers services, such as email application programming interface (API), which allow developers to use its API in their preferred development framework and to use its platform to add email functionality to their applications; marketing campaigns that allow marketers to upload and manage customer contact lists, create and test email templates, and execute and analyze email campaigns to engage customers; and expert services to help businesses optimize their email delivery. 

The company is being taken over by Twilio Inc. (TWLO) for $2 billion in stock. This means SEND is now pegged to TWLO. Shares of both companies are on the verge of breaking out of their bullish "cup and handle." We are goin to trade SEND which is a lower price stock than TWLO but with same potentials. We expect higher prices for both stocks.

Entry Point: $46.00

Stop Loss:  $43.70

Trading Range: $20.42 - $49.10

Target Price:  $50.60

Updates

1/18/2019 1:00:42 PM

SEND closed at $50.90.

Position closed on 1/18/2019 at price of $50.90 with a 10.65% gain in 4 days.

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