Fleetcor Tech. Inc. (FLT): ABOVE $221.41, with a $238.75 first target, a $270 second target, and a $202.25 stop loss. Confirmation Volume Area= 700K, Risk Rating= 4, Industry= Business Services
FLT TRADING TIP: Watch this VOLATILE formation as it sets up for another stage higher, while the market posts gains. Any further accumulation may break this stock higher, helping it take a run into ‘uncharted territory’. When reviewing new trading ideas for purchase, pay the price that coincides with your desired exit strategy; being patient by waiting for desired prices may drastically reduce trade risk. NOTE: when building a portfolio of GorillaPicks, consider diversifying by “risk rating”; the action may drastically reduce trade risk.
Fleetcor Tech. Inc. (FLT) rose $1.27, to $220.50 on a more than 30% increase in its recent average daily volume today! FLT provides commercial payment solutions in North America, Latin America, Europe, and Australasia. FLT offers fuel payment solutions to businesses and government entities that operate vehicle fleets, as well as to oil and leasing companies, and fuel marketers. Its fuel payment products are in the form of plastic cards, electronic RFID tags, and paper vouchers to purchase fuel, oil, vehicle maintenance supplies and services, and building supplies. FLT also provides lodging payment solutions to businesses that have employees who travel overnight for work purposes. In addition, it offers electronic toll and parking payments products to businesses and consumers in the form of RFID tags affixed to vehicles’ windshields; and prepaid paper vouchers as a means of payment on toll roads. Further, FLT provides corporate payments solutions with vertical-specific applications, which enable its customers to manage and control electronic payments across their enterprise, optimize corporate spending, and offer innovative services that enhance employee efficiency and customer loyalty. Its primary corporate payments products include virtual cards, purchasing cards, travel and entertainment cards, payroll cards, and cross-border payment facilitation. Additionally, FLT offers gift card product management and processing services, such as card design, production and packaging, delivery and fulfillment, card and account management, transaction processing, promotion development and management, Website design and hosting, program analytics, and card distribution channel management. It also provides vehicle maintenance, employee benefit payment, and long haul transportation-related services. FLT markets its products and services through field sales, telesales, direct marketing, point-of-sale marketing, and the internet.