|Day Low/High||10.56 / 11.09|
|52 Wk Low/High||8.38 / 28.60|
EBIX broke out on Tuesday in heavy volume, which hints at institutional buying in this stock.
Despite everything they are doing right, these stocks are being walloped.
Inflation talk from Europe isn't helping, but the steel sector looks interesting.
Tuesday was only day one of a rally attempt; wait a few days to let the short covering run its course.
Consumer discretionaries have taken a big hit in the current downturn, but these particular names could rebound to become decent price movers again.
New leadership probably won't come from the usual names, and these two stocks have caught my eye.
The market is still under distribution, but rallies usually begin when things look the worst.
Retail investors are scared off. How traders react to today's action is anybody's guess.
With renewed speculation quantitative easing, investors wait for the Fed.