Trade Radar Operator submits:
Ebix, Inc. (EBIX) showed up this weekend as a new addition to our Trend Leaders list. It earned this distinction by registering bullish indications via MACD and DMI analysis. Here is the chart:
The chart shows that the stock has been in a downtrend since October. Now, however, it’s beginning to show some life. It’s making a strong recovery from the area around $45 and has broken resistance in the area around $50 as well as making a move above that downward sloping trend line.