Long Position on FOCS @ $44.50 on 12/8/2020 (Momentum)

Focus Financial Partners Inc. (FOCS) provides wealth management services to primarily high net worth individuals and families.

Its wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services.

The company also offers recordkeeping and administration services; recommends financial products through commissions; and sells investment or insurance products.

Focus Financial Partners Inc. reported 3rd Quarter September 2020 earnings of $0.70 per share on revenue of $331.5 million. The consensus earnings estimate was $0.67 per share on revenue of $324.6 million. Revenue grew 4.7% on a year-over-year basis.

This stock has seen a strong increase in share prices and should continue to do so as it follows its "bullish cup and handle" formation.

Entry Point: $44.50

Stop Loss: $42.50

Trading Range: $12.17 - $45.03

Target Price: $49.00

Updates

1/12/2021 10:04:06 AM

FOCS closed at $48.75

Position closed on 1/12/2021 at price of $48.75 with a 9.55% gain in 35 days.

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