Long Position on FINL @ $29.65 on 8/28/2014 (Momentum)

Bullish Cup & Handle on FINLThe Finish Line (FINL) operates as a specialty retailer of athletic shoes, apparel, and accessories in the United States.

It operates Finish Line stores that offer performance and athletic shoes, as well as apparel and accessories for men, women, and kids.

The company also operates Running Specialty stores under The Running Company, Run On!, Blue Mile, Boulder Running Company, Roncker’s Running Spot, and VA Runner banners, 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.

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

As of April 25, 2014, it had approximately 850 stores, including 200 shops in Macy’s in malls in the United States; and 49 Running Specialty stores in 11 states and the District of Columbia.

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock. The firm reports its quarterly results on September 26.

52-Week Trading Range: $20.70 - $30.79

Entry Point: $29.65

Stop Loss: $28.15

Target Price: $32.62

Updates

9/26/2014 9:42:48 AM

FINL fell below our stop loss after its missed its quarter. Closed at $26.45.

Position closed on 9/26/2014 at price of $26.45 with a -10.79% loss in 29 days.

Back to Portfolio