Long Position on RPXC @ $18.36 on 7/16/2013 (Momentum)

RPX Corporation (RPXC) provides patent risk management solutions in the United States, Japan, and internationally.

The company offers a subscription-based patent risk management solution that facilitates exchanges of value between owners and users of patents.

It provides a defensive patent aggregation in which it acquires patents assets to provide clients with licenses to protect them from patent infringement assertions.

The company also offers its clients with access to its proprietary patent market intelligence and data. Its clients include companies that design, make, or sell technology-based products and services, as well as companies that use technology in their businesses. 

Shares have formed a bullish "cup & handle" and are ready to move higher out of this formation.

52-Week Trading Range:  $8.55 - $18.89

Entry Point:  $18.36

Stop Loss:  $17.44

Target Price:  $20.20

Updates

7/31/2013 10:15:50 AM

RPXC reported earnings that beat the estimates. Shares are down on the report. The position was closed at $17.20.

Position closed on 7/31/2013 at price of $17.20 with a -6.32% loss in 15 days.

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