Major indices finish lower amid GE earnings disappointment >>> READ MORE

Trade of the Day: Ebix.com (NASDAQ:EBIX)

EBIX ready to break out of consolidation

   

To receive further updates on this Ebix.com (NASDAQ:EBIXtrade as well as an alert when it’s time to take profits, sign up for a risk-free trial of Trader’s Advantage today.

Ebix.com (EBIX) is a $1.8 billion, Georgia-based maker of software and e-commerce services to the insurance industry. The company operates data exchanges that connect insurance carriers and vendors and enable customers to carry data from the beginning to the end of a claims process. They work with life insurance, annuities, employee health benefits, risk management, workers compensation, and property and casualty insurance providers.

Shares have performed exceptionally well over the past seven years and have been trading along the 70-day average. EBIX now appears ready to rebound after pulling back about 4.5% yesterday in an effort to  move up out of the most recent trading range.

ebix102016

Buy Ebix.com (EBIX) at current levels.

Jon Markman operates the investment firm Markman Capital Insights. He also offers a daily trading advisory service, Trader’s Advantage, and CounterPoint Options, a service that helps individual traders make steady, consistent profits with volatility-related instruments. Follow him on Twitter for his latest take on markets and innovation.


Article printed from InvestorPlace Media, http://investorplace.com/2016/10/trade-day-ebix-com-nasdaq-ebix/.

©2017 InvestorPlace Media, LLC