Long Position on OLLI @ $78.50 on 8/23/2018 (Momentum)

Ollie's Bargain Outlet Holdings, Inc. (OLLI) operates as a retailer of brand name merchandise.

The company offers food products, housewares, books and stationery, bed and bath products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

It provides its products primarily under the Ollie's, Ollie's Bargain Outlet, Good Stuff Cheap, Ollie's Army, Real Brands Real Cheap!, Real Brands! Real Bargains, Sarasota Breeze, Steelton Tools, American Way, and Commonwealth Classics names.

As of June 5, 2018, the company operated 277 store locations in 21 states across the Eastern portion of the United States. 

Shares are in the process of forming a bullish "cup and handle" and are expected to move higher out of this formation.

Entry Point: $78.50

Stop Loss: $74.50

Trading Range: $41.31 - $80.95

Target Price: $86.35

Updates

9/6/2018 11:32:32 AM

OLLI closed at $87.10

Position closed on 9/6/2018 at price of $87.10 with a 10.96% gain in 14 days.

Back to Portfolio