Long Position on EHTH @ $62.00 on 3/25/2019 (Momentum)

eHealth, Inc. (EHTH) provides private health insurance exchange services to individuals, families, and small businesses in the United States and China.

The company operates through two segments, Medicare; and Individual, Family and Small Business.

Its e-commerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.

The company's Medicare-related health insurance plans include Medicare Advantage, Medicare Supplement, and Medicare part D prescription drug plans; and ancillary products, including dental, vision, life, and short and long term disability insurance plans.

It markets health insurance plans through its Websites, such as eHealth.com, eHealthInsurance.com, eHealthMedicare.com, Medicare.com, PlanPrescriber.com, and GoMedigap.com, as well as through a network of marketing partners.

The company also licenses its health insurance e-commerce technology that enables health insurance carriers and agents to market and distribute health insurance plans online; and provides online sponsorship and advertising services. Shares have formed a bullish "double bottom" following its recent earnings report. On February 21st, Ehealth (EHTH) reported 4th Quarter December 2018 earnings of $1.49 per share on revenue of $134.9 million. The consensus earnings estimate was $1.87 per share on revenue of $134.7 million. Revenue grew 247.4% on a year-over-year basis.

The company said it expects 2019 earnings of $1.22 to $1.33 per share on revenue of $290.0 million to $310.0 million. The current consensus revenue is $299.5 million for the year ending December 31, 2019. Higher share prices are expected for this stock.

Enry Point: $62.00

Stop Loss: $58.90

Trading Range: $14.17 - $67.44

Target Price: $68.20

Updates

4/5/2019 12:24:51 PM

EHTH  sold for $68.30

Position closed on 4/5/2019 at price of $68.30 with a 10.16% gain in 11 days.

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