Long Position on TBI @ $28.76 on 5/19/2015 (Momentum)

TrueBlue, Inc. (TBI) provides staffing, recruitment process outsourcing, and managed services in the United States, Canada, and Puerto Rico.

It operates through two segments, Staffing Services and Managed Services.

The company offers a range of blue-collar staffing services, including on-demand general labor under the Labor Ready brand; skilled manufacturing and logistics labor under the Spartan Staffing brand; and skilled trades for commercial, industrial, and energy construction industries, as well as for building and plant maintenance industries under the CLP Resources brand name. It also provides skilled mechanics and technicians to the aviation and transportation industries under the PlaneTechs name; temporary and dedicated drivers to the transportation and distribution industries under the Centerline Drivers brand name; and recruitment and on-premise management of a facility's contingent industrial workforce under the Staff Management brand name.

In addition, the company offers outsourced recruitment of permanent employees on behalf of clients under the PeopleScout and hrX brand name; and manages multiple third party staffing vendors on behalf of clients under the Staff Management brand name. It primarily serves small and medium-sized businesses, as well as customers in the construction, manufacturing, waste, wholesale, retail, transportation, aviation, hospitality, energy, and other industries.

Shares have formed a bullish "flag" following the company's recent quarterly report. Higher share prices are expected for this stock. Please use a limit order and not a market order. 

52-Weeks Trading Range: $19.82 - $31.30

Entry Point: $28.76

Stop Loss: $27.00

Target Price: $31.65

Updates

6/19/2015 9:36:29 AM

TBI closed at $29.81

Position closed on 6/19/2015 at price of $29.81 with a 3.65% gain in 31 days.

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