EBIX

This week I will be discussing EBIX. EBIX is a company that produces software for insurance companies. The company has a median price target of $25.64 and its earnings per share have steadily been growing. EBIX has a buy rating from marketgrader and is currently creating a cup with handle base. This week the pattern should fall down to the 50-day moving average where it will gain support. Once this happens if institutions are buying the company it will re-bound reaching the buy point of $24.76 with 40% or higher volume.

A recap of Duck Bother’s stock picks of the week. LULU is up 54.14%, INFA is up 9.45%, MIPS crashed -8%, BIDU and PCLN have not made the buy points. Using William J. O’Neil’s strategies we sold LULU at a 24% profit, are still holding INFA with a 9.45% profit and sold MIPS with a -8% loss. All together Duck Brothers pick of the week is up 8.46%.