Long Position on XXIA @ $21.78 on 3/14/2013 (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 higher prices are expected for this stock.

52-Weeks Trading Range:  $9.95 - $22.50

Entry Point:  $21.78

Stop Loss:    $20.69

Target Price:  $23.96

Updates

3/20/2013 11:43:31 AM

XXIA fell below our stop loss. The position was closed at $20.70

Position closed on 3/20/2013 at price of $20.69 with a -5.00% loss in 6 days.

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