SmarTrend identified a Downtrend for Ebix (NASDAQ:EBIX) on October 22nd, 2012 at $21.93. In approximately 3 months, Ebix has returned 25.81% as of today's recent price of $16.27.

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 $16.27, which is 25% above that low price. The 200-day and 50-day moving averages have moved 0.67% lower and 2.38% 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.

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