Long Position on MNTX @ $12.55 on 4/1/2013 (Momentum)

Manitex International (MNTX) provides engineered lifting solutions.

The company operates through two segments, Lifting Equipment and Equipment Distribution. The Lifting Equipment segment designs, manufactures, and distributes boom trucks and crane products that are primarily used for industrial projects and energy exploration, as well as for infrastructure development, including, roads, bridges, and commercial construction; and specialized rough terrain cranes and material handling products for the construction, municipality, and railroad industries. This segment also provides rough terrain forklifts for use in commercial and military applications; specialty mission oriented vehicles; and other specialized carriers, heavy material handling transporters, and steel mill equipment, as well as specialized custom trailers and hauling systems used for transporting heavy equipment. The Equipment Distribution segment distributes rough terrain and truck cranes, boom trucks, and sky cranes for infrastructure development and commercial construction, road and bridge construction, general contracting, roofing, and sign construction and maintenance; supplies repair parts for various medium to heavy duty construction equipment; provides used lifting and construction equipment; and repair services. This segment also rents cranes or other equipment.

Manitex International, Inc. sells its products primarily in the United States, Canada, Italy, Australia, South Korea, Russia, Germany, Mexico, the Czech Republic, Brazil, Venezuela, France, the United Arab Emirates, Switzerland, and Algeria.

Shares have formed a bullish "flag" formation and higher prices are expected for this stock.

52-Week Trading Range:  $6.32 - $13.14

Entry Point:  $12.55

Stop Loss:   $11.92

Target Price:   $13.80

Updates

4/2/2013 3:47:24 PM

MNTX was closed at $11.85 after it fell below our stop loss.

Position closed on 4/2/2013 at price of $11.85 with a -5.58% loss in 1 days.

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