Long Position on NSM @ $26.42 on 8/28/2012 (Momentum)

Nationstar Mortgage Holdings (NSM) engages in the servicing of residential mortgage loans in the United States. It is also involved in the origination and sale or securitization of single-family conforming mortgage loans to government-sponsored entities or other third party investors in the secondary market.

The company services a range of mortgage loans, including prime and non-prime loans, traditional and reverse mortgage loans, and GSE and government agency-insured loans, as well as private-label loans issued by non-government affiliated institutions.

It services appompany services a range of mortgage loans, including prime and non-prime loans, traditional and reverse mortgage loans, and GSE and government agency-insured loans, as well as private-label loans issued by non-government affiliated institutions.

Further, it offers various ancillary services, including providing services for delinquent loans; managing loans in the foreclosure/real estate owned process; and providing title insurance agency, loan settlement, and valuation services on newly originated and re-originated loans. The company was founded in 1994, and its IPO was in late May of this year.

Shares are heading higher in an upward trading channel. The lower boundary of the channel is supported by the stock's 50-day moving average.

52-Week Trading Range:  $13.00 - $28.75

Last Trade:  $26.42

Stop Loss:  $25.10

Target Price:  $29.06

Updates

9/5/2012 2:14:44 PM

Stockwinners.com is closing this trade since it has hit its target price. We're closing the position at $29.43

Position closed on 9/5/2012 at price of $29.43 with a 11.39% gain in 7 days.

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