Insurance Technology Industry News

TMCNet:  Downtrend Call Working As Ebix Stock Falls 26.0% (EBIX)

[November 13, 2012]

Downtrend Call Working As Ebix Stock Falls 26.0% (EBIX)

Nov 13, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Ebix (NASDAQ:EBIX) on October 22nd, 2012 at $21.93. In approximately 3 weeks, Ebix has returned 25.99% as of today's recent price of $16.23.

Ebix share prices have moved between a 52-week high of $30.35 and a 52-week low of $13.02 and are now trading 25% above that low price at $16.23 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has remained constant.

Ebix, Inc. supplies software and electronic commerce solutions to the insurance industry. The Company provides a series of application software ranging from carrier systems, agency systems, and exchanges to custom software development for all entities involved in the insurance and financial industries. Ebix provides products, support, and consultancy to customers on several continents.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Ebix.

Log in and add Ebix (EBIX) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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