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Traders Get Bullish on Shares of Zix, Shares Up 5.4% (ZIXI)Feb 28, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Zix (NASDAQ:ZIXI) is one of today's best performing low-priced stocks, up 5.4% to $3.69 on 1.0x average daily volume. Zix has traded 341,000 shares thus far today, vs. average volume of 336,000 shares per day. The stock has outperformed the Dow (5.4% to the Dow's 0.1%) and outperformed the S&P 500 (5.4% to the S&P's 0.2%) during today's trading. Zix Corporation provides hosted internet applications in SaaS models that require high security. Two core businesses: Email Encryption for regulatory compliance and protecting sensitive communications and e-Prescribing, which provides real-time access to critical information at the point-of-care to enhance the electronic transmission of prescriptions directly to pharmacies. In the past 52 weeks, Zix share prices have been bracketed by a low of $2.16 and a high of $4.21 and are now at $3.69, 71% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.3%. Zix has overhead space with shares priced $3.69, or 27.4% below the average consensus analyst price target of $5.08. Zix shares have support at the 50-day moving average (MA) of $3.13 and additional support at the 200-day MA of $2.79. SmarTrend recommended that subscribers consider buying shares of Zix on January 2nd, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $2.94. Since that recommendation, shares of Zix have risen 19.3%. We continue to monitor ZIXI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |