Long Position on FND @ $55.30 on 5/2/2018 (Momentum)

Floor & Decor Holdings, Inc. (FND) operates as a multi-channel specialty retailer of hard surface flooring and related accessories.

The company's stores offer tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories.

It serves professional installers, commercial businesses, and do it yourself customers.

It operates 72 warehouse-format stores across 17 states. The company also sells products through its Website, FloorandDecor.com. Shares of this recent IPO have formed a bullish "cup and handle" and higher share prices are expected for this stock. Note the 50-day moving average shown in brown.

52-Weeks Trading Range: $32.72 - $58.28

Entry Point: $55.30

Stop Loss: $52.50

Target Price: $60.83

Updates

5/8/2018 9:34:13 AM

FND closed at $45

Position closed on 5/8/2018 at price of $45.00 with a -18.63% loss in 6 days.

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