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MANH Final Price Target Hit for 29% Gain

MANH (Manhattan Associates Inc) has hit the final target, T2 at 48.70. MANH was added as an Active Short trade on Dec 21st, going on to hit the first profit target for a 17% gain just 3 weeks later and hit the final target of 48.70 today for a gain of 29.2% in just over 6 weeks.

Consider booking full profits or at least lowering stops of holding out for additional gains. The expected reaction when price reached the T1 level produced a nice bear flag continuation pattern, from which the current impulsive leg down to the T2 level was launched. Charts in order as posted, including today's updated chart. MANH will now be moved to the Completed Trade category without any further updates.

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Feb 5, 2016 2:29pm|Categories: Completed Trades - Short|Tags: |1 Comment

One Comment

  1. riverbirch February 5, 2016 4:10 pm at 4:10 pm

    Randy, Great analysis on MANH. Unbelievable good analysis provides good profits. This is the type of swing trade I am interested in. Hopefully there will be more. MANH TOPPED ON 12/4. Just a great trade. Congratulations!!!

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