Monday, November 8, 2010

EBIX earnings report, tomorrow November 9, 2010 at 11:00 A.M. EST

EBIX has had a bit of a wild ride since my October 31 posting. This ride provided for nice low entry points on November 2. On that day a bullish Hammer candlestick was generated. Since then EBIC has been on its way up in expectance of tomorrow’s earnings report. Volume is up today while the stock jiggles around 26, most likely forming a indecisive Doji star. If you have already bought EBIX and are on the plus side, you might secure your profits with a tight stop a bit below 25.50. Otherwise, if you like this stock2own, you might have a chance to enter tomorrow slightly above the 26.36 high of Oct. 28, in case that earnings turn out positive (Conference call: Tuesday November 9, 2010 at 11:00 A.M. EST). 

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