Insurance Technology Industry News

TMCNet:  Shares of EBIX Down 25.6% Since Downtrend Call on Shares

[December 05, 2012]

Shares of EBIX Down 25.6% Since Downtrend Call on Shares

Dec 05, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Ebix (NASDAQ:EBIX) on October 22nd, 2012 at $21.93. In approximately 1 month, Ebix has returned 25.58% as of today's recent price of $16.32.

In the past 52 weeks, Ebix share prices have been bracketed by a low of $13.02 and a high of $30.35 and are now at $16.32, 25% above that low price. The 200-day and 50-day moving averages have moved 0.66% lower and 2.17% lower over the past week, respectively.

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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