What happened to EBIX Stock?

Hey everyone, welcome back to our [BeachBum Trading] channel! In today's [What happened to EBIX Stock?] video , we are going to talk about a technology software company that caught my eye in my end-of-day queries. As most technology software companies were losing money, this one stood out to me because it is profitable. We will take a look at their financials and Chart Mill profile to see why I believe this company has potential for future growth.

One important note, Finviz shows that this company used to have a dividend, but it looks like they suspended it in 2022. Now, let's dive into this software company. As you can see, this company has been in a steep decline and experienced a dip in their previous earnings, leading to a negative reaction. However, it recently bounced back up, but is now showing signs of rolling over. If it reaches one of the support levels, I may move it up to our main watch list. The current support levels are at 310 and 311, and after the dip, the stock went up to the sevens.

[What happened to EBIX Stock?]

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CHAPTERS
00:00 - EBIX
07:23 - BeachBum Trading Sites
08:12 - Discord Invite

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TRADING TOOLS USED IN THIS VIDEO
️ ChartMill https://bit.ly/3By9g4X
️ FinViz https://bit.ly/3h7r8M3
️ Seeking Alpha https://seekingalpha.com
️ Webull – Get FREE stocks with Webull https://bit.ly/3jKfvw5

REFERENCES
EBIX - Ebix Inc. - Home Page https://www.ebix.com/
Profile of Ebix Inc. (EBIX) stock | ChartMill.com https://www.chartmill.com/stock/quote/EBIX?a=152324
Weekly Trading Game Plan Notes for 12/18 – 12/22/23 - Part 2 https://docs.google.com/document/d/1ob8NOZy9vdVhIMmcYp28dxks88NNbJxH3l4X4AHRV7g/edit?usp=sharing
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#EBIX #BeachBumTrading #duediligence

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