Long Position on WETF @ $18.21 on 2/9/2015 (Momentum)

WisdomTree Investments, Inc. (WETF) operates as an exchange-traded funds (ETFs) sponsor and asset manager.

It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.

It develops index using its fundamentally weighted index methodology. In addition, the company provides investment advisory services. 

The Company offers equity ETFs covering the United States, international developed and emerging markets. These ETFs offer access to the securities of large, mid and small-cap companies, companies located in the United States, developed markets and emerging markets, as well as companies in particular market sectors, including basic materials, energy, utilities and real estate. Its equity ETFs track its own fundamentally weighted indexes.

The Company offers currency ETFs that provide investors with exposure to developed and emerging market currencies, including the Chinese Yuan, the Brazilian Real and the Japanese Yen. Currency ETFs invest in the United States money market securities, forward currency contracts and swaps and seek to achieve the total returns reflective of both money market rates in selected countries available to foreign investors and changes to the value of these currencies relative to the United States dollar.

Shares have formed a bullish "cup and handle" following its recent earnings report. In that reort, it posted earnings of $49.6 million vs. estimates of $49 million. Porfits came in at 8 cents vs estimates of 10 cents. Higher share prices are expected for this stock.

52-Weeks Trading Range: $9.11-$19.38

Entry Point: $18.21

Stop Loss: $17.30

Target Price: $20.03

Updates

3/5/2015 10:00:23 AM

WETF reached our target. Closed at $20.20

Position closed on 3/5/2015 at price of $20.20 with a 10.93% gain in 24 days.

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