Long Position on XXIA @ $19.31 on 2/1/2013 (Momentum)

Ixia (XXIA) supplies converged network and application performance testing solutions in the United States and internationally.

It designs and validates a range of Internet protocol (IP) and third generation/long-term evolution networking equipment. The company’s solutions generate realistic traffic to stress routers, switches, and converged network appliances.

It provides converged IP test systems and services for wireless and wired infrastructures and services. Ixia serves network equipment manufacturers, service providers, enterprises, and government agencies.

Shares have formed a bullish "cup & handle" and are expected to head higher out of this formation.

Higher prices are expected for this stock.

52-Week Trading Range:  $9.95 - $20.79

Last Entry:  $19.31

Stop loss:  $18.34

Target Price:  $21.24

Updates

2/7/2013 12:49:39 PM

We are closing XXIA position at $21.28 after it exceeded our target price of $21.24. If you elect to stay in this position, please adjust your stop loss upward to protect your gains.

Position closed on 2/7/2013 at price of $21.28 with a 10.20% gain in 6 days.

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