Long Position on FNGN @ $40.90 on 4/12/2017 (Momentum)

Financial Engines (FNGN) provides independent technology-enabled financial advisory, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance services in the United States.

The company assists individuals to develop a strategy to reach investing and retirement goals by offering a set of services, including personalized plans for saving and investing, assessments of retirement income, and the option to meet face-to-face with a financial advisor.

Its products and services include Professional Management that provides discretionary portfolio management service for individuals in the workplace who want affordable and personalized portfolio management for their retirement accounts; Personal Advisor, which offers discretionary portfolio management for 401(k), IRA, and taxable accounts for defined contribution (DC) plan participants and individuals outside the workplace; Online Advice, an Internet-based investment advisory service designed for individuals who wish to take an active role in personally managing their portfolios; Income Planning that provides access to retirement income planning services, including social security guidance; and Financial Wellness, which offers a range of financial education and guidance through multiple channels, including on-site events, online content, and phone-based advisors.

The company delivers its services to plan sponsors and plan participants primarily through connections to nine DC plan providers. 

Shares are in the process of forming a bullish "W" bottom formation as shown in blue. The formation is supported by the stock's 50-day moving average. The stock should benefit from expected changed to the Frank-Dodd law. The changes were purposed yesterday by the president.  Higher share prices are expected.

52-Weeks Trading Range: $23.56 - $45.75

Entry Point: $40.90

Stop Loss: $38.70

Target Price: $45.00

Updates

6/2/2017 9:52:20 AM

FNGN closed at $39.20

Position closed on 6/2/2017 at price of $39.20 with a -4.16% loss in 51 days.

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