Wix.com Ltd.

WIX.com trade setup

211
Entry level possible on a break above the 200ma @ $132.31.
Target price at daily resistance $140.
Indicators and momentum bullish.
Average Target Price: $155.87 | Overweight
Wix.com Ltd. engages in the provision of web development, design, and management solutions and applications. It provides free design templates for personal and business use, web design and layout tools, web hosting through the Wix domain, applications from the App Market, blog and social network page support, other marketing and work flow management applications and services. The company also offers eCommerce and appointment applications, and marketing tools such as Google Analytics and mailing lists. Wix.com was founded by Avishai Abrahami, Nadav Abrahami and Giora Kaplan on October 5, 2006 and is headquartered in Tel Aviv, Israel.

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