EBIX Trade on Aug 15, 2014 11:57 from firesky_BOWS: Tradervue User Stock Trades.

LONG SWING POSITION: So I posted about this trade in the SwingTrading forum. A bull flag set-up was in the making with solid support at $13.38. There was also a pretty obvious target at $14.75 as the 100day and 200day SMAs were converging there along with it being a previous price resistance point. So I got in at $13.50, put my stop at $13.36 (just under the solid support line), and placed my first target at $13.90 (2.9 R/R) under the flag high, and my second target at $14.60 (7.3 R/R) below the $14.75 target. It almost hit my first target by EOD which would of been nice. Low buying volume worries me a bit though with the overbought stochastics, but we'll see what happens Monday.

8/18/2014: Surpassed my first target of 13.90, sold half my position at 13.94 to lock in profits. Also adjusting my stop essentially to my entry price at $13.48.

8/25/2014: Boo ya! Target #2 met at $14.60. All out.