Long Position on IBKR @ $24.49 on 12/16/2013 (Momentum)

Interactive Brokers Group (IBKR) operates as an automated electronic broker and market maker.

It engages in routing orders; and executing and processing trades in securities, futures, foreign exchange instruments, bonds, and mutual funds on approximately 100 electronic exchanges and trading venues worldwide.

The company also provides bid and offer quotations on approximately 965,000 securities and futures products listed on electronic exchanges.

Interactive Brokers Group, Inc. offers its services primarily to institutional and individual customers with approximately 224,000 cleared customer accounts. Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock.

52-Week Trading Range: $13.48 - $25.03

Entry Point: $24.49

Stop Loss: $23.25

Target Price: $26.95

Updates

1/9/2014 9:41:26 AM

IBKR fell below our stop loss.

Position closed on 1/9/2014 at price of $23.00 with a -6.08% loss in 24 days.

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