Ebix stock saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 80 to 96. The computer software stock rallied on positive Q4 earnings results.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength. This exclusive rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating north of 80 at the beginning of a new run.
Looking For The Best Stocks To Buy And Watch? Start Here
Is Ebix Stock A Buy?
Ebix stock is now considered extended and out of buy range after clearing a 39.98 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The software firm posted -30% EPS growth in its most recent report, while sales growth came in at 20%.
Ebix stock earns the No. 6 rank among its peers in the Computer Software-Enterprise industry group. Concentrix Corp, Zendesk and Datadog Inc Cl A are among the top 5 highly rated stocks within the group.
