Long Position on PGNY @ $27.40 on 12/2/2019 (Momentum)

Progyny, Inc. (PGNY) is a benefits management company.

The firm specializes in fertility and family building benefits solutions for employers in the United States.

Its fertility benefits solution includes differentiated benefits plan design, personalized concierge-style member support services, and selective network of fertility specialists.

The company also offers Progyny Rx, an integrated pharmacy benefits solution that provides its members with access to the medications needed during their treatment. In addition, it provides surrogacy and adoption expenses for clients and their employees. 

Shares of this recent IPO have formed a bullish "cup and handle" and are expected to move higher from this formation. The company reports its earnings on December 4th. Estimates call for a profit of 2 cents per share. Higher share prices are expected for this stock.

Entry Point: $27.40

Trading Range: $13.29 to $29.29

Stop Loss: $25.20

Target Price: $30.10

Updates

12/6/2019 10:26:49 AM

PGNY closed at $31.40

Position closed on 12/6/2019 at price of $31.40 with a 14.60% gain in 4 days.

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