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Downtrend Call Working As Ebix Inc Stock Falls 3.8% (EBIX)

By Shiri Gupta

SmarTrend identified a Downtrend for Ebix Inc (NASDAQ:EBIX) on March 4th, 2019 at $53.13. In approximately 2 months, Ebix Inc has returned 3.76% as of today's recent price of $51.13.

Ebix Inc share prices have moved between a 52-week high of $89.10 and a 52-week low of $39.27 and are now trading 30% above that low price at $51.13 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 1.1%.

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 offers 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 Inc.

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

Keywords: spotlights ebix inc

Ticker(s): EBIX