Financial Engines (FNGN) provides independent, technology-enabled portfolio management services, investment advice, and retirement income services to participants in employer-sponsored defined contribution plans.
It facilitates investors to plan for retirement by offering personalized plans for saving and investing, as well as by providing assessments of retirement income needs and readiness.
The company offers Professional Management, a discretionary managed account service designed for plan participants who want personalized and professional portfolio management services, investment advice, and retirement income services from an independent investment advisor. It also provides Online Advice, an Internet-based non-discretionary service that offers personalized advice for plan participants who manage their portfolios directly; and Retirement Evaluation, a retirement readiness assessment provided to plan participants upon plan rollout.
The company delivers its services to plan sponsors and plan participants primarily through connections to eight retirement plan providers in the United States.
Shares have formed a bullish "cup & handle" and higher prices are expected for this stock.
52-Week Trading Range: $18.10 - $44.33
Entry Point: $42.80
Stop Loss: $40.65
Target Price: $47.15
FNGN exceeded our target price. The position was closed at $47.30. If you elect to stay in the position, raise your stop loss to $46.50 to protect your gains.