****NOTE: P1 in QIHU hit at 66.39 for 1/3 off
**New QIHU target will be 67.74 for another 1/3 off
**Raised sell stop in QIHU to 63.94
***Stopped out of XRT at 99.20
***Stopped out of IYT at 146.21
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Existing Position: QIHU: Long at 62.54 ATR 3.93 Reports August 24th
Name of Instrument: Qihoo 360 Tech Co. Ltd
Current Price: 65.48
****Raised Sell Stop: 63.94 with a 2 minute time confirm
Reason For Trade: Cleared all moving averages last week and is consolidating above them giving us a really tight (almost miniswing) risk if breaks the moving averages. In late May it had a good reversal bottom and then again on July 8th, it made a higher low and popped back strongly. On the weekly chart, a close over 64.22 should get it to 70.00. For a real long term play, over 73.60 should take it to 2013 levels. Bottom line, a good tech stock with the risk to 3 moving averages nominal given the possible rewards.
**HIT**First Profit Target for 1/3 off: 66.39 **HIT**
**Second Profit Target for 1/3 off: 67.74
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**Stopped out** Existing Position: Long XRT 100.75 ATR 1.56. Out at 99.20
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E**Stopped out ** Existing Position: Long IYT 146.35 ATR 2.33. Out at 146.20
