Long Position on HQY @ $70.00 on 5/11/2018 (Momentum)

HealthEquity, Inc. (HQY) provides various solutions for managing health care accounts, health reimbursement arrangements, and flexible spending accounts for health plans, insurance companies, and third-party administrators in the United States.

Its products and services include healthcare saving and spending platform, a cloud-based platform for individuals to make health saving and spending decisions, pay healthcare bills, compare treatment options and prices, receive personalized benefit and clinical information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts.

The company also offers online-only investment advisory services through HealthEquity Advisor, a Web-based tool; and healthcare incentives that enable its employer partners and health plan partners to provide, and its members to earn, financial incentives for participation in wellness programs. 

Shares have formed a bullish "cup and handle" ahead of the company's quarterly report on June  5th. 

52-Weeks Trading Range: $40.21 - $70.89

Entry Point: $70.00

Stop Loss: $66.50

Target Price: $77.00

Updates

5/30/2018 10:06:19 AM

HQY closed at $77.20

Position closed on 5/30/2018 at price of $77.20 with a 10.29% gain in 19 days.

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