Long Position on HIIQ @ $29.75 on 2/26/2018 (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 deductible and copay levels; hospital indemnity plans, which provide 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 individual health and family insurance plans, and supplemental products on behalf of insurance carriers and discount benefit providers; and market them to individuals through a network of distributors. 

The cmpany is scheduled to report its quarterly results on February 28th. Ahead of that, shares have formed a bullish "cup and handle." Estimates call for EPS of 35 cents on revenue of $59.6 million. Higher share prices are expected for this stock.

52-Weeks Trading Range: $12.65 - $37.38

Entry Point: $29.75

Stop Loss: $28.25

Target Price: $32.72 

Updates

3/1/2018 9:34:33 AM

HIIQ closed at $35.15

Position closed on 3/1/2018 at price of $35.15 with a 18.15% gain in 3 days.

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