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Ebix(EBIX - Get Report) 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: 595,000
Average 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(WRLD - Get Report) is engaged in the small-loan consumer finance business, offering short-term small loans, medium-term larger loans, related credit insurance and ancillary products and services to individuals. This stock is trading up 0.7% at $73.33 in recent trading.
Today's Volume: 56,000
Average Volume: 130,127
Volume % Change: 66%
From a technical standpoint, WRLD, one of TheStreet Ratings'
top-rated credit card and loan stocks, recently triggered a major breakout when it moved above $69.82 to $70.13 on solid volume. Traders should continue to look for long biased trades as long as WRLD remains above those breakout levels, and continues to lose near its daily highs.
If that pattern continues, then this stock should be well on its way toward $80 in the near future.