Long Position on ONE @ $13.72 on 6/15/2018 (Momentum)

OneSmart International Education Group Limited (ONE) provides tutoring services for kindergarten and primary, middle, and high schools in the People's Republic of China.

It offers young children services, including Chinese language and computer programming under the HappyMath brand; and English tutoring services focusing on early childhood under the brand FasTrack English brand.

The company also provides language and culture programs, such as English language study under the OneSmart Elite English brand; overseas study test preparation services under the OneSmart overseas Language Training brand; and summer and winter study tours under the OneSmart Study Camp brand. As of November 30, 2017, it operated a network of 225 study centers across 42 cities in China.

The company was formerly known as OneSmart Education Group Limited. Shares of this recent IPO have formed a bullish "flag" and are expected to breakout of this formation. 

Entry Point: $13.72

Stop Loss: $13.00

52-Weeks Trading Range: $8.56 - $16.00

Target Price: $15.10

Updates

7/10/2018 10:52:07 AM

ONE closed at $11.80

Position closed on 7/10/2018 at price of $11.80 with a -13.99% loss in 25 days.

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