Long Position on FNKO @ $23.50 on 9/3/2019 (Momentum)

Funko, Inc. (FNKO) is a pop culture consumer products company.

The company designs, sources, and distributes licensed pop culture products in the United States, China, Vietnam, and the United Kingdom.

The company offers vinyl, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.

The company sells its products to specialty retailers, mass-market retailers, and e-commerce sites; distributors for sale to small retailers; and consumers through its e-commerce business, as well as at specialty licensing and comic book shows, conventions, and exhibitions. 

Shares are heading higher in an upward trading channel. The 50-day moving average is shown in brown.

Entry Point: $23.50

Trading Range: $11.22 - $31.12

Stop Loss: $22.30

Target Price: $25.85

Updates

9/12/2019 9:45:39 AM

FNKO closed at $27.00

Position closed on 9/12/2019 at price of $27.00 with a 14.89% gain in 9 days.

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