Long Position on TNET @ $26.10 on 12/27/2016 (Momentum)

TriNet Group, Inc. (TNET) provides human resources solutions for small and medium-sized businesses in the United States and Canada.

The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; federal, state, and local labor employment and benefit law compliance; risk mitigation, such as employment practices claims management; expense and time management; and human capital consulting and other services.

It serves clients in various industries, including technology, life sciences, not-for-profit, professional services, financial services, property management, retail, manufacturing, and hospitality.

The company markets its solutions through its sales representatives. 

Shares are in the process of breaking out of a bullish "cup and handle" and higher share prices are expected. On December 22nd, Atairos Investment group acquired an approximate $440 million ownership stake in TriNet by purchasing approximately 17.7 million shares of TriNet common stock for $25.00 per share.

52-Weeks Trading Range: $11.10 - $26.64

Entry Point: $26.10

Stop Loss: $24.70

Target Price: $27.20 

Updates

1/27/2017 11:07:53 AM

TNET closed at $25.50

Position closed on 1/27/2017 at price of $25.50 with a -2.30% loss in 31 days.

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