Long Position on PLAY @ $41.00 on 12/22/2015 (Momentum)

Dave & Buster’s Entertainment, Inc. (PLAY) owns and operates venues that combine dining and entertainment for adults and families in North America.

Its venues offer a menu of ‘Fun American New Gourmet’ entrées and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events.

The company operates its venues under the Dave & Buster’s and Dave & Buster’s Grand Sports Café names. As of June 8, 2015, it owned and operated 76 venues in 30 states and Canada.

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock. Please note that this stock should be one of the beneficiaries of the new "Star Wars" movie.

52-Weeks Trading Range: $24.76 - $43.35

Entry Point: $41.00

Stop Loss: $39.00

Target Price: $45.10

Updates

1/27/2016 12:33:56 PM

PLAY closed at $35.75

Position closed on 1/27/2016 at price of $35.75 with a -12.80% loss in 36 days.

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