Long Position on TIS @ $31.42 on 5/16/2016 (Momentum)

Orchids Paper Products Company (TIS) manufactures and sells tissue products for at-home and away from home markets in the United States.

Its products include paper towels, bathroom tissues, and paper napkins.

The company offers its products under Colortex, My Size, Velvet, Big Mopper, Linen Soft, Soft & Fluffy, and Tackle brands; and licensed brands, such as Virtue, Truly Green, Golden Gate Paper, and Big Quality.

It also sells parent rolls to other converters. The company serves discount retailers, grocery stores, grocery wholesalers and cooperatives, convenience stores, janitorial supply stores, and stores in the food service market. 

Shares have formed a bullish "flag" following the Company's latest quarterly report. Revenues of $47.74 million, Net Earnings of $0.56 per share beat the estimates of $42.3 million and 26 cents EPS, repectively. The firm also declared quarterly dividend of 35 cents per share. Higher share prices are expected for this stock.  

Please use a LIMIT Order and not a Market Order as this is a low float stock!

52-Weeks Trading Range: $21.63 - $32.77

Entry Point: $31.42

Stop Loss: $29.80

Targer Price: $34.55

Updates

6/20/2016 1:42:24 PM

TIS closed at $34.63.

Position closed on 6/20/2016 at price of $34.63 with a 10.22% gain in 35 days.

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