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Post Earnings Update: Ixia Has Sunk 2.6% Lower in Past 2 Weeks (XXIA)May 20, 2013 (SmarTrend(R) News Watch via COMTEX) -- 20 days ago, on April 30th, 2013, Ixia (NASDAQ:XXIA) reported its earnings. Analysts, on average, expected earnings of $0.22 per share on sales of $122.9 million. Ixia actually reported earnings of $0.25 per share on sales of $122.8 million, beating EPS estimates by $0.03 and matching revenue estimates. Since the company's report, shares of Ixia have fallen from $16.47 to $16.05, representing a loss of 2.6% in the past 20 days. Ixia share prices have moved between a 52-week high of $22.50 and a 52-week low of $9.95 and are now trading 61% above that low price at $16.05 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 2.9%. SmarTrend recommended that its subscribers protect gains by selling shares of Ixia on April 4th, 2013 by issuing a Downtrend alert when the shares were trading at $19.09. Since that call, shares of Ixia have fallen 15.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |