Long Position on REVG @ $27.90 on 3/31/2017 (Momentum)

REV Group, Inc. (REVG) designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, and internationally.

It operates through three segments: Fire & Emergency, Commercial, and Recreation.

The Fire & Emergency segment offers a range of fire apparatus and ambulance products for municipal fire departments, EMS providers, and private fleets through dealers.

The Commercial segment provides transit and shuttle buses, school buses, mobility vans, and other specialty vehicles, including sweepers and terminal trucks. The segment sells its products directly, as well as through dealers to municipalities, schools, and commercial and industrial customers.

The Recreation segment offers motorized recreational vehicles and luxury buses. This segment sells its vehicles through dealer to brand-loyal customers and fleet owners. The company also provides aftermarket parts and services. 

Shares of this recent IPO have formed a bullish "cup and handle" and have cleared their 30-day moving average (shown in green.) Higher share prices are expected for this stock.

52-Weeks Trading Range: $24.50 - $29.29

Entry Point: $27.90

Stop Loss: $26.50

Target Price: $30.70 

Updates

5/15/2017 11:21:13 AM

REVG closed at $26.05

Position closed on 5/15/2017 at price of $26.05 with a -6.63% loss in 45 days.

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