EBIX breakout watch gap

Breakout watch and on the edge of a large upside resistance gap.

BREAKOUT WATCH for possible breakout above 17.26, no resistance in area just above.
Type: True breakout from triple+ resistance.
Target: 18.74, 8.6% Stop: 16.76, Loss: 2.9%, Profit/Loss ratio: 3 : 1 - Good

CURRENT PRICE 17.26, at resistance, 16.95 ± 0.31, type triple+, strength 10

RESISTANCE ABOVE +16.5% at 20.11 ± 0.36, type single, strength 2
+20.4% at 20.78 ± 0.37, type single, strength 1
+25.4% at 21.65 ± 0.39, type double, strength 3

Stock chart



source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=EBIX

 

that was quick

 

And.... back down to $13 thanks to another "research report" by a short.

 

we are in a day where anyone can post some research and move a stock

 

I have had no position in EBIX for several months, but still follow it.

Despite a price of $24/share six months ago, today EBIX announced that it will be sold to an affiliate of GS for $20/share.

Interesting that Raina (the chairman) and another large investor "will continue to be meaningful equity investors in Ebix", and most other investors just get the $20.