Long Position on HIIQ @ $24.00 on 6/23/2017 (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 "cup and handle" and higher share prices are expected for this stock. The stock's 30-day moving average shown in brown. 

52-Weeks Trading Range: $3.73 - $25.25

Entry Point: $24.00

Stop Loss: $23.00

Target Price: $26.40

Updates

7/14/2017 9:59:29 AM

HIIQ closed at $26.75. We believe this stock is heading higher. If you elect to stay in the position, raise your stop loss to $26.

Position closed on 7/14/2017 at price of $26.75 with a 11.46% gain in 21 days.

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