Long Position on NTRI @ $54.00 on 4/26/2017 (Momentum)

50-day MA on NTRINutrisystem, Inc. (NTRI) provides weight management products and services for women and men in the United States.

The company offers Nutrisystem program that consists of approximately 150 portion-controlled items, which serve as the foundation of a low glycemic index diet. Its programs comprise Nutrisystem D, a program designed for people with type 2 diabetes or at risk for type 2 diabetes who want to lose weight and manage their diabetes; Turbo10 program, a program that deliver up to a 10-pound weight loss and a reduction of 5 inches overall in the first month of dieting; The Lean13, a program designed to deliver weight loss of up to 13 pounds and 7 inches in the first month; South Beach Diet, a structured meal delivery weight-loss program; and 5-day kit, a kit for individuals with or at risk of type 2 diabetes, as well as SmartCarb and PowerFuel products, including blueberry muffins, cinnamon buns, vanilla shakes, chocolate shakes, and chocolate chip cookie packs.

The company also provides My Daily 3, a physical activity program, which provides information on diet, nutrition, and physical activity; and NuMi, an interactive and personalized weight loss tracking tool.

It offers monthly food packages of frozen and ready-to-go food containing four-week meal plan of breakfasts, lunches, dinners, and snacks and flex meal plan recipes, which they supplement with fresh fruits, vegetables, lean proteins, and low-fat dairy.

The company sells its pre-packaged foods to weight loss program participants directly through the Internet and telephone; a television shopping network; and retailers. 

The company reports its results today after the close. Street expcts for revnue to grow by 25%. Craig-Hallum analyst Alex Fuhrman said in a note to clients last week that "all signs point to another beat and raise" for Nutrisystem, citing "strong" Google searches, ramped-up advertising and developments with the South Beach Diet brand. EPS of 17 cents is expected. Higher share prices are expcted for this stock.

 

52-Weeks Trading Range: $21.50 - 57.50

Entry Point: $54.00

Stop Loss: $51.30

Target Price: $59.40

Updates

5/4/2017 9:35:50 AM

NTRI closed at $50

Position closed on 5/4/2017 at price of $50.00 with a -7.41% loss in 8 days.

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