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Zix Corporation (ZIXI) shareholders must be feeling pretty underwhelmed lately as Zix stock has taken a beating this summer. After reaching an all-time high of ~$11 in early May, the stock has had a roller coaster ride within a descending channel. The lower channel trendline was recently breached and the stock price has dropped to $7.05 while rapidly descending towards the support level at $6.60.
(Source: Yahoo Finance/MS Paint)
Zix is in the cybersecurity business, specifically Email security and competes with Proofpoint (PFPT) and Mimecast (MIME) among others. I