Long Position on ESNT @ $29.20 on 11/23/2016 (Momentum)

Essent Group Ltd. (ESNT) is a private mortgage insurance company.

The Company is engaged in serving the United States housing finance industry. It offers private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States.

The primary mortgage insurance operations are conducted through Essent Guaranty, Inc. (Essent Guaranty), a subsidiary of the company, which maintains operations centers and operates additional underwriting and service centers in Winston-Salem, North Carolina and Irvine, California. Essent Guaranty is a mortgage insurer and is licensed to write mortgage insurance in all 50 states and the District of Columbia.

The Company offers primary and pool private mortgage insurance. Primary mortgage insurance provides protection on individual loans at specified coverage percentages. Pool insurance is used to provide additional credit for certain secondary market and other mortgage transactions.

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.

52-Weeks Trading Range: $16.49 - $30.05

Entry Point: $29.20

Stop Loss: $27.50

Target Price: $32.10

Updates

12/6/2016 10:11:33 AM

ESNT closed at $32.12

Position closed on 12/6/2016 at price of $32.12 with a 10.00% gain in 13 days.

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