Long Position on FINL @ $28.17 on 1/2/2014 (Momentum)

The Finish Line (FINL) operates as a mall-based specialty retailer in the United States.

It operates Finish Line stores that offer performance and athletic casual shoes, as well as apparel and accessories for men, women, and kids. The company also operates Running Specialty stores, which provide performance running shoes, as well as an assortment of performance apparel and accessories for men and women; and Finish Line-branded shops in Macy’s department stores. As of December 20, 2013, it operated 660 Macy’s stores.

In addition, The Finish Line, Inc. sells merchandise through its Websites finishline.com and run.com, as well as through m.finishline.com.

Shares have formed a bullish "flag" and higher shre prices are expected for this stock.

52-Week Trading Range: $16.87 - $28.52

Entry Point:  $28.17

Stop Loss: $26.75

Target Price: $30.99

Updates

1/17/2014 10:57:23 AM

FINL fell below our stop loss. However, we still believe in the stock!

Position closed on 1/17/2014 at price of $26.75 with a -5.04% loss in 15 days.

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