Long Position on HIIQ @ $17.20 on 1/6/2017 (Momentum)

Health Insurance Innovations, Inc. (HIIQ) operates as a developer, distributor, and administrator of cloud-based individual health and family insurance plans, and supplemental products in the United States.

The company offers short-term medical plans that cover individuals for up to 364 days with various co-pay and deductible options; hospital indemnity plans, which provide a daily cash benefit for hospital treatment and doctor office visits, as well as accidental injury and death or dismemberment benefits; and supplemental insurance products comprising pharmacy benefit cards, dental plans, vision plans, and cancer/critical illness plans, as well as deductible and gap protection plans, and life insurance policies.

It designs and structures insurance and non-insurance products on behalf of insurance carriers; and markets them to individuals through a network of distributors. 

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

52-Weeks Trading Range: $3.72 - $19.30

Entry Point: $17.20

Stop Loss: $16.30

Target Price: $18.92

Updates

1/10/2017 1:08:21 PM

HIIQ closed at $19.15

Position closed on 1/10/2017 at price of $19.10 with a 11.05% gain in 4 days.

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