Long Position on TNET @ $31.10 on 11/12/2014 (Momentum)

Bullish Cup & Handle on TNETTriNet Group, Inc. (TNET) provides human resources services to small and medium-sized businesses in the United States and Canada.

The company offers services, such as payroll processing, human capital consulting, and employment law compliance, as well as employee benefits, including health insurance, retirement plans, and workers compensation insurance.

It serves technology, life sciences, property management, professional services, banking and financial services, retail, manufacturing, and hospitality markets, as well as non-profit entities. 

Shares have formed a bullish "cup and handle" and are ready to move higher!

If you decide to open a position, use a Limit Order! 

 

Company Fundamentals
EPS % Chg (Last Qtr) 115%
3 Year EPS Growth Rate 71%
EPS Est % Chg (Current Yr) 77%
Sales % Chg (Last Qtr) 24%
3-Year Sales Growth Rate 41%
Debt % N/A
Market Cap $2.14 Bil
Profit Margin 4.5%

52- Week Trading Range: $17.28 - $31.66

Entry Point: $31.10

Stop Loss: $29.55

Target Price: $34.21

 

Updates

12/1/2014 10:01:45 AM

TNET fell below our stop loss. Closed at $29.50.

Position closed on 12/1/2014 at price of $29.50 with a -5.14% loss in 19 days.

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