ZIX CORPORATION - NASDAQ: $ZIXI Gap Filled

After breaking-out last month (May) on meaningful volume, ZIX CORPORATION - NASDAQ:ZIXI has found itself in pull-back mode on lower volume and in the process has now filled the gap and appears to be settling-in after the powerful move higher a month ago as evidenced in the Daily chart above.

While ZIXI now finds itself trading pinched between its 20 and 50 DMA's and comfortably above its 200 DMA, there remains a bit of indecision from a short-term perspective while the stock attempts to find its footing at present levels.

When one extends out to the Weekly time-frame we can see that ZIXI remains in fine technical shape and may just be located at a favorable risk/reward level from which to begin its next advance.

Thus, both investors/traders may want to continue to monitor the action closely in the days/weeks ahead for signals/clues that ZIXI is about to turn the tide.