Long Position on JEF @ $33.00 on 3/15/2021 (Momentum)

Jefferies Financial Group Inc. (JEF) engages in the investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, the Middle East, Africa, and Asia.

It operates through Investment Banking and Capital Markets, Asset Management, Merchant Banking, and Corporate segments.

The company offers financial advisory, equity underwriting, and debt underwriting, as well as corporate lending services; equities research, sales, and trading services; equity finance services comprising financing, securities lending, and other prime brokerage services; and wealth management services to high net worth individuals, their families and businesses, private equity and venture funds, and small institutions.

It also provides clients with sales and trading of investment grade corporate bonds, U.S. and European government and agency securities, municipal bonds, mortgage-backed and asset-backed securities, leveraged loans, consumer loans, high yield and distressed securities, emerging markets debt, interest rate, and credit derivative products, as well as foreign exchange trade execution and securitization; and manages, invests in, and provides services to a diverse group of alternative asset management platforms across a spectrum of investment strategies and asset classes.

Shares have broken out of thier bullish "cup and handle" and the momentum in shares is expected to continue. The Company reports its quarterly results on April 4th.

Entry Point: $33.00

Trading Range: $11.20 - $33.08

Stop Loss: $31.35

Target Price: $36.30

Updates

6/29/2021 10:43:45 AM

JEF closed at $34.50

Position closed on 6/29/2021 at price of $34.50 with a 4.55% gain in 106 days.

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