Long Position on EYE @ $44.75 on 11/8/2018 (Momentum)

National Vision Holdings, Inc. (EYE) operates as an optical retailer primarily in the United States.

The company operates in two segments, Owned & Host and Legacy.

It offers eyeglasses and contact lenses under the America's Best, Eyeglass World, Walmart Vision Center, Vista Optical Fred Meyer, and Vista Optical Military brand stores, as well as provides optometric services.

As of December 30, 2017, the company operated 1,013 retail stores across 5 brands, as well as 18 consumer Websites. Shares have formed a bullish "double bottom" formation and higher share prices are expected for this stock. The formation is supported by the stock's 50-day moving average. Higher share prices are expected for this stock.

Entry Point: $44.75

Stop Loss:  $42.50

Trading Range: $29.51 - $46.63

Target Price:  $49.23

Updates

4/1/2019 2:00:44 PM

EYE closed at $32.05

Position closed on 4/1/2019 at price of $32.05 with a -28.38% loss in 144 days.

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