Long Position on HQY @ $33.65 on 9/15/2016 (Momentum)

HealthEquity, Inc. (HQY) provides various solutions for managing health care accounts, health reimbursement arrangements, and flexible spending accounts for health plans, insurance companies, and third-party administrators in the United States.

Its products and services include healthcare saving and spending platform, a cloud-based platform for individuals to make health saving and spending decisions, pay healthcare bills, compare treatment options and prices, receive personalized benefit and clinical information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts.

The company also offers online-only investment advisory services through HealthEquity Advisor, a Web-based tool; and healthcare incentives that enable its employer partners and health plan partners to provide, and its members to earn, financial incentives for participation in wellness programs. 

Shares have formed a bullish "cup and handle" following the company's latest quarterly report. For its Q1, it reported EPS of 14 cents, a penny above the estimates. It posted revenue of $44.2 million in the period, above the $43.3 million expected. Shares are expected to head higher from their present levels.

52-Weeks Trading Range: $15.80-$35.78

Entry Point: $33.65

Stop Loss: $31.75

Target Price: $37.03

Updates

9/23/2016 11:26:47 AM

HQY closed at $37.15

Position closed on 9/23/2016 at price of $37.15 with a 10.40% gain in 8 days.

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