Long Position on TNET @ $29.20 on 3/13/2017 (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 have formed a bullish "flag" following its recent earnings release, having revounded from their 30-day moving average (shown in green). Higher share prices are expected for this stock.

52-Weeks Trading Range: $12.58 - $29.39

Entry Point: $29.20

Stop Loss: $27.50

Target Price: $32.10

Updates

4/26/2017 11:06:04 AM

TNET closed at $29.71

Position closed on 4/26/2017 at price of $29.71 with a 1.75% gain in 44 days.

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