Pocket Pivot Review - EBIX update 8-9-16

Published : August 9 2016 at 8:40 ET

EBIX had a pocket pivot yesterday after a strong earnings report. It undercut its 20-day moving average, but then bounced, making it actionable. It finally closed near the top of its trading range. We have mentioned EBIX a number of times in past reports including most recently the weekend report https://www.virtueofselfishinvesting.com/reports/view/market-lab-report-vosi-focus-list-review-for-the-week-ended-august-5-2016 where we suggested a pullback could be bought.

In webinars, we have also discussed price action of stocks just after they report earnings. One can use alerts on their watch list of stocks, including the ones that just reported earnings, to track their price to see if any actionable buy points arise. 

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