Ebix (EBIX) is an international supplier of software and e-commerce solutions to the insurance industry. The stock is trading up 7.4% at $22.85 in recent trading.
Today's Volume: 595,000Average Volume: 459,247 Volume % Change: 80% From a technical standpoint, EBIX has started to trigger a major breakout today now that the stock has traded above some past overhead resistance at $21.89 on solid volume. Market players should continue to look for long biased trades in EBIX as long as the stock closes above $21.89 and near the daily highs. If we get that action, then look for EBIX to re-test its next significant overhead resistance levels at $25 to $26 in the near future. I also recently featured Ebix in "5 Stocks Insiders Love Right Now." World Acceptance
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