Long Position on NOAH @ $65.00 on 6/11/2018 (Momentum)

Noah Holdings Limited (NOAH) operates as a wealth and asset management service provider with focus on wealth investment and asset allocation services for high net worth individuals and enterprises in the People's Republic of China.

The company operates through three segments: Wealth Management, Asset Management, and Other Financial Service.

It offers onshore and offshore fixed income, private equity, secondary market equity, and insurance products; and value-added financial and related services, such as investor education, corporate registration and tax planning, trust, financial leasing, and philanthropy.

The company also provides private equity, real estate, secondary market equity, credit, and other investments; and online wealth management, lending, and payment technology services.

Shares have formed a bullish cup and handle following its recent quarterly report. The company reported first-quarter profit of $42.8 million. On a per-share basis, the company had net income of 71 cents. Earnings, adjusted for stock option gains, were 68 cents per share. Higher share prices are expected for this stock.

Entry Point: $65.00

Stop Loss: $61.75

52-Weeks Trading Range: $25.98 - $69.56

Target Price: $71.50

Updates

6/20/2018 1:43:07 PM

NOAH closed at $57.50

Position closed on 6/20/2018 at price of $57.50 with a -11.54% loss in 9 days.

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