Long Position on PLMR @ $47.50 on 11/18/2019 (Momentum)

Palomar Holdings, Inc. (PLMR) provides specialty property insurance.

The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, specialty homeowners, commercial all-risk, hawaii hurricane, residential flood, and real estate investor.

Shares of this recent IPO have formed a bullish "cup and handle" and are expected to move higher from this formation. On November 4th, Palomar Holdings (PLMR) reported 3rd Quarter September 2019 earnings of $0.40 per share on revenue of $30.5 million. The consensus earnings estimate was $0.41 per share on revenue of $30.1 million.

Entry Point: $47.50

Trade Range: $18.06 - $47.17

Stop Loss: $45.00

Target Price: $52.25

Updates

11/26/2019 1:04:25 PM

PLMR closed at $52.70

Position closed on 11/26/2019 at price of $52.70 with a 10.95% gain in 8 days.

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