Long Position on FUTU @ $34.00 on 7/31/2020 (Fundamentals)

Futu Holdings Limited (FUTU) operates digitized brokerage and wealth management platform in Hong Kong, China, the United States, and internationally.

The company's platform offers investing services, including trade execution and margin financing which allows to trade securities, such as stocks, warrants, options and exchange-traded funds in various markets; and wealth management services, which offers various leading fund products, including money market, fixed income, and equity funds products.

Its margin financing and securities lending services provides real-time and cross-market securities-backed financing services; and market data and information services.

Futu Holdings reported Quarter March 2020 earnings of $0.16 per share on revenue of $63.3 million.

Please note, this stock reports earnings on August 13th. 

This stock has seen a strong trading volume and should break higher out of its "bullish cup and handle".

Entry point: $34.00

52-week trade range: $8.16 - 36.93

Stop/Loss: $32.00

Target Price: $37.50

Updates

8/5/2020 10:56:34 AM

FUTU closed at $38.76

Position closed on 8/5/2020 at price of $38.76 with a 14.00% gain in 5 days.

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