Long Position on SUPV @ $25.50 on 10/19/2017 (Momentum)

Grupo Supervielle S.A. (SUPV) provides banking products and services in Argentina.

The company operates through Retail Banking, Corporate Banking, Treasury, Consumer Finance, Insurance, and Asset Management & Other Services segments.

It accepts deposit accounts; and offers personal loans, foreign trade finance, and loans to the middle and lower-middle-income sectors.

The company also offers credit cards; insurance and mutual fund products; and factoring, leasing, cash management, asset management, and microcredit financing services.

In addition, it distributes treasury products, such as debt securities; and sells non-financial products and service. The company serves individuals, small and medium-sized enterprises, and medium to large-sized companies.

It operates 325 access points, including 110 bank branches, 67 senior citizen service centers, 11 banking payment and collection centers, 66 CCF sales points, 61 consumer financing branches and other sale points, 9 microfinance branches, 491 ATMs, and 158 self-service terminals.

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.

Entry Point: $25.50

52-Weeks Trading Range: $11.98 - $27.04

Stop Loss: $24.20

Target Price: $28.05

Updates

11/21/2017 11:25:32 AM

SUPV closed at $26.02

Position closed on 11/21/2017 at price of $26.02 with a 2.04% gain in 33 days.

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