Long Position on TTS @ $20.50 on 12/8/2016 (Momentum)

Tile Shop Holdings, Inc. (TTS) operates as a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories in the United States.

It offers approximately 4,000 products, including ceramic, porcelain, glass, and metal tiles; and marble, granite, quartz, sandstone, travertine, slate, and onyx tiles primarily under the Rush River and Fired Earth brand names.

The company also manufactures setting and maintenance materials, such as thinset, grout, and sealers under the Superior brand name. As of April 19, 2016, it operated 116 stores in 31 states with an average size of 21,700 square feet.

The company also sells its products through its Website, tileshop.com. Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.

52-Weeks Trading Range: $12.40 to $21.05

Entry Point: $20.50

Stop Loss: $19.40

Target Price: $22.55

Updates

1/11/2017 2:17:43 PM

TTS closed at $19.05

Position closed on 1/11/2017 at price of $19.05 with a -7.07% loss in 34 days.

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