Software Firm Ebix Shows Rising Relative Strength

On Thursday, Ebix (EBIX) earned an upgrade to its Relative Strength (RS) Rating, from 69 to 72. History reveals that the top-performing stocks often have an RS Rating of above 80 in the early stages of their moves. See if Ebix can continue to show renewed price strength and hit that benchmark.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price behavior over the last 52 weeks stacks up against all the other stocks in our database.

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Ebix is now considered extended and out of buy range after clearing a 31.86 buy point in a first-stage consolidation. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

While the Ebix’s bottom line growth fell in the company’s most recent performance report from -10% to -13%, the top line grew 110%, up from 52% in the previous report.

The company earns the No. 32 rank among its peers in the Computer Software-Enterprise industry group. Shopify (SHOP) and Concentrix Corp (CNXC) are also among the group’s highest-rated stocks.


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