Insurance Technology Industry News

TMCNet:  Ebix Shares Down 26.4% Since SmarTrend's Sell Call (EBIX)

[December 27, 2012]

Ebix Shares Down 26.4% Since SmarTrend's Sell Call (EBIX)

Dec 27, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Ebix (NASDAQ:EBIX) on October 22nd, 2012 at $21.93. In approximately 2 months, Ebix has returned 26.36% as of today's recent price of $16.15.

In the past 52 weeks, shares of Ebix have traded between a low of $13.02 and a high of $30.35 and are now at $16.11, which is 24% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.4%.

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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