NEW DIRECTIONAL CALL PLAYS

Cornerstone OnDemand, Inc. - CSOD - close: 54.60 change: +0.91

Stop Loss: 52.25
Target(s): 59.50
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
CSOD is in the software industry. According to CSOD they are a global leader of cloud-based talent management software solutions with over 12 million users in 190 countries.

The stock has been a consistent performer for the bulls with shares sort of stair-stepping higher. CSOD currently seems to be breaking out of a four-week sideways consolidation above the $50 level. Today's session saw CSOD display relative strength and ignore the market's widespread decline.

The $55.00 level looks like overhead resistance. I am suggesting a trigger to buy calls at $55.25. If triggered our target is $59.50.

Trigger @ 55.25

- Suggested Positions -

Buy the Oct $55 call (CSOD1319j55) current ask $2.25

Annotated Chart:

Weekly Chart:

Entry on September -- at $---.--
Average Daily Volume = 367 thousand
Listed on September 12, 2013