Long Position on NOAH @ $20.69 on 1/8/2015 (Momentum)

Bullish Cup & Handle on NOAHNoah Holdings Limited (NOAH) operates as a wealth management service provider with focus on distributing wealth management products in the People’s Republic of China.

The company’s products include fixed income products, including asset management plans sponsored by mutual fund management or securities companies, real estate funds managed by it, and collateralized fixed income products sponsored by trust companies that provide investors with fixed rates of return.

It also offers private equity funds products comprising investments in various private equity funds sponsored by domestic and internal fund management firms, estate funds and fund of funds managed by the company, and the underlying assets that are portfolios of equity investments in unlisted private companies; and other products, such as mutual fund products, private securities investment funds that are privately raised funds investing in publicly traded stocks, and insurance products.

The company serves high net worth individuals; enterprises affiliated with high net worth individuals; and wholesale clients, primarily local commercial banks and branches of national commercial banks that distribute wealth management products to their own clients. 

Shares of this stock have formed a bullish "cup & handle" and highr share prices are expected for this stock.

52-Weeks Trading Range: $12.35 - $25.60

Entry Point: $20.69

Stop Loss: $19.55

Target Price: $22.80

Updates

1/13/2015 10:37:49 AM

NOAH fell below stop loss. Closed at $19.50

Position closed on 1/13/2015 at price of $19.50 with a -5.75% loss in 5 days.

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