Long Position on FVCB @ $17.50 on 1/4/2019 (Momentum)

FVCBankcorp, Inc. (FVCB) operates as the holding company for FVCbank that provides various banking products and services Virginia.

It offers deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.

The company also provides commercial real estate loans; commercial construction loans; commercial loans for various business purposes, such as for working capital, equipment purchases, lines of credit, and government contract financing; SBA loans; asset based loans and accounts receivable financing; home equity loans; and consumer loans.

In addition, it offers business and consumer credit cards; merchant services; business insurance products; and online banking, remote deposit capture, and mobile banking services. It operates through a network of five branches located in Virginia.

Shares of this recent IPO have come to a trendline support and shares are expected to move higher. Note that this is a low volume stock, ONLY USE A LIMIT ORDER.

Entry Point: $17.50

Stop Loss: $16.75

Trading Range: $15.53 - 21.20

Target Price: $20.00

Updates

6/20/2019 10:35:14 AM

FVCB closed at $18.85

Position closed on 6/20/2019 at price of $18.85 with a 7.71% gain in 167 days.

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